Distinguish between economic growth and development?

1.	Distinguish between economic growth and development?
Answer» Economic Growth: 1. Deals with the problems of Developed countries 2. Change is gradual and steady 3. Means more output 4. Concerns Quantitative aspects i.e. increase in per capital income 5. Narrow Economic Development: 1. Deals with the problems of UDCs 2. Change is discontinuous and spontaneous 3. Means not only more output but also its composition 4. Quantitative as well as Qualitative 5. Wider concept Development = Growth + Change

Answer»

Economic Growth:

1. Deals with the problems of Developed countries

2. Change is gradual and steady

3. Means more output

4. Concerns Quantitative aspects i.e. increase in per capital income

5. Narrow

Economic Development:

1. Deals with the problems of UDCs

2. Change is discontinuous and spontaneous

3. Means not only more output but also its composition

4. Quantitative as well as Qualitative

5. Wider concept Development = Growth + Change

Discussion