Get premium membership and access questions with answers, video lessons as well as revision papers.

Differentiate between economic growth and economic development

      

Differentiate between economic growth and economic development.

  

Answers


John
Economic growth refers to steady physical increase in country's production capacity identifiable with a country increase in the productivity of goods and services while economic development refers to increase of per capita income associated with improvement in indicators of quality life such as adult literacy, infant mortality and life expectancy.
Jonmhumble answered the question on October 23, 2017 at 20:56


Next: Differentiate between actual economic growth and potential economic growth
Previous: State and explain the basic components of economic growth

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions