How economic growth is different from economic development?

1 answer

Answer

1108968

2026-05-03 21:25

+ Follow

Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.