Economic Growth is the increase in the real output of the country in a particular span of time. Whereas, Economic Development is the increase in the level of production in an economy along with enrichment of living standards and the advancement of technology.
Answer:Economic Growth refers to the increment in amount of goods and services produced by an economy. Economic development refers to the reduction and elimination of poverty, unemployment and inequality with the context of growing economy. Economic growth means an increase in real national income / national output.
Explanation:
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1. DO NOT WANT TO CH AT WITH ME
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Answers & Comments
Answer:
Economic Growth is the increase in the real output of the country in a particular span of time. Whereas, Economic Development is the increase in the level of production in an economy along with enrichment of living standards and the advancement of technology.
Answer:Economic Growth refers to the increment in amount of goods and services produced by an economy. Economic development refers to the reduction and elimination of poverty, unemployment and inequality with the context of growing economy. Economic growth means an increase in real national income / national output.
Explanation:
NO I'AM NEW AND I AM SEARCHING FOR SOMEONE WHO:-
1. DO NOT WANT TO CH AT WITH ME
2. DOES NOT WANT TO UNDERSTAND ME
3.DO NOW WANT ME TO ANSWER YOU
BUT CAN THANKS MY ANSWERS WITHOUT ANY EXPLANATION.
MAY BE I WILL FIND SOMEONE
AS I WISH.