, Growth VS Development
Growth Development
I
-
an increase in
income/output measured by broader measurement
real national
·
GDP which measures the total volume of
goods & services improvement in economic welfare through higher GDP
·
other indicators
produced in al economy improved life expectancy improved
·
:
,
indicator GDP
per capita literacy access to healthcare
·
:
,
narrow measure economic
growth enables more economic development
· ·
only focuses more to be spent on healthcare and education
·
on income
·
·
Human Development Index
short term actual life
growth expectancy
O
#it
·% education index
change in real
·
national income
output
·
>
-
Long term potential growth
#
-
E & #
-
-LoiI betohaveonomgorthwithoutdevelopmen
⑧
growth only benefit a small % of the
population -
Growth Development
I
-
an increase in
income/output measured by broader measurement
real national
·
GDP which measures the total volume of
goods & services improvement in economic welfare through higher GDP
·
other indicators
produced in al economy improved life expectancy improved
·
:
,
indicator GDP
per capita literacy access to healthcare
·
:
,
narrow measure economic
growth enables more economic development
· ·
only focuses more to be spent on healthcare and education
·
on income
·
·
Human Development Index
short term actual life
growth expectancy
O
#it
·% education index
change in real
·
national income
output
·
>
-
Long term potential growth
#
-
E & #
-
-LoiI betohaveonomgorthwithoutdevelopmen
⑧
growth only benefit a small % of the
population -
