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Write the difference between economic growth and development.

User Totoro
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Answer:

Economic growth is defined as the increase in the gross domestic product(GDP) of a country. Economic growth influences economic development positively due to the availability of resources.

Economic development is defined as the increase in the standard of living of citizens of a country. These standard of living involves a good trade routes , good pay, social amenities, major infrastructures etc.

User Abhijith Konnayil
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