Economic growth is different from economic development because economic growth

Assessment: JAMB UTME - Economics - 2020 Subject: Economics

Question 1 Report

Economic growth is different from economic development because economic growth
Answer Details
Economic Growth is the increase in the real output of the country in a particular span of time. It has to do with the expansion (growth) of the economy. Economic Development on the other hand has to do with the positive changes that result in the enrichment of living standards and the advancement of technology.
Read lesson note on Economic Growth And Development (JAMB)
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