Difference between
Economic Growth
and
Economic Development
, • At the core of the study of economic development is the fact
that the economic growth is not equal to economic
development
• Development is far more complex and multi dimensional
• Economic growth is very much a one dimensional concept- an
increase of real output or GDP overtime
Economic Growth
and
Economic Development
, • At the core of the study of economic development is the fact
that the economic growth is not equal to economic
development
• Development is far more complex and multi dimensional
• Economic growth is very much a one dimensional concept- an
increase of real output or GDP overtime