Question

When does economic growth leads to economic development?

Options

• Economic growth leads to economic development only when it helps to eradicate poverty

• When the economy grows, employment opportunities get generated for the people to below the poverty line and it leads to. eradication of poverty.

• Eradication of poverty leads to economic development.

• All of the above

Answer 1

All of the above

Explanation:

Only when it aids in the eradication of poverty does economic progress lead to development. When the economy grows, jobs are created for those who are poor, and poverty is eliminated. Economic development follows poverty eradication.