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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
According to Economists Tyler and Alex, Final goods and services a part of other goods and services ______ a part of other goods and services
Human development Index is apt tool to measure the real development in an ______,
What are the key parameters of Economic Growth?
According to IMF, GDP growth rate of India in 2018 is projected at ______.
Choose the correct statement
- Economic Growth is one aspect of Economic Development-Said by Economist Amartya Sen.
- HDl is apt tool to measure the real development in an economy.
- United States of America ranks top in the globe in terms of its GDP.
- Economic development is quantitative in nature.
Assertion (A): Economic Development is a broader concept.
Reason (R): It is long-term in nature and includes variables like removal of poverty, Rise in life expectancy rate etc.
Assertion (A): Economic Growth is a quantitative measure.
Reason (R): It considers the increase in the output produced in an economy in a particular period of time
Democracy stands much superior to any other form of government in promoting ______.
Which of the following statements is correct regarding the distribution of economic benefits in democracies?
Analyse the outcomes of democracies in terms of economic growth and development.
