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Can there be economic growth without development? How?

User Mirko
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1 Answer

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Answer:

Yes there can be economic growth without development.

Step-by-step explanation:

Economic growth may only benefit a small % of the population. For example, if a country produces more oil, it will see an increase in GDP. However, it is possible, that this oil is only owned by one firm, and therefore, the average worker doesn’t really benefit.

User Cephron
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