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प्रश्न
Write any five differences between the growth and development.
उत्तर
| Basis of Comparison | Economic Growth | Economic Development |
| 1. Meaning | It considers the increase in the output of an economy at a particular period of time. SamacheerKalvi.Guide | It considers Increase in the Economic growth along with increase in standard of living, Advancement in technology, and increase in HDI and GNH index. |
| 2. Concept | It is a narrower concept considering only the total output of an economy. | It is a broader concept considering the total output along with welfare of the economy. |
| 3. Nature | Quantitative in nature | Qualitative in nature |
| 4. Scope | Rise in GDP, GNP, FDI, FII, etc., are included. | Rise in life expectancy Rate, literacy rate, reduction in infant mortality rate and poverty rate. |
| 5. Term | Short term | Long term |
| 6. Applicable to | Developed Nations | Developing Nations |
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संबंधित प्रश्न
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Reason (R): It considers the increase in the output produced in an economy in a particular period of time
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