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Hey guyzGood evening !!!My question is :Distinguish b/w Economic growth and Economic development.Note : I want minimum 6 points.Want quality contentDon't spam...Thanks...☺☺ |
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Answer» ECONOMIC Development 1. It refers to a continuous and sustained growth in an ECONOMY along with a GENERAL improvement in the overall STANDARD of living in the nation. 2. Economic Developmentfocuses on the economy as a whole. 3. It has a wider scope. 4. It is a narrow concept as it includes only the monetary aspects. 5. It includes only the quantitative growth . 6. It is a means to achieve human development. Human Development 1. It refers to an improvement in the overall well-being and quality of life of individuals. 2. Human Developmentfocuses on just the human aspect. 3. It is comparatively narrow in scope 4. It is a broader aspect of development as it includes monetary as well as the non- monetary aspects. 5. It is the process of both quantitative and qualitative growth. 6. Human deveIopments is the END or the final goal of all development. I hope this answer help you :)) |
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