Write any five differences between the growth and development. - Social Science

Write any five differences between the growth and development.

Distinguish Between

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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Economic Growth and Development

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Chapter 4.01 Gross Domestic Product and its Growth: an Introduction
Evaluation | Q V 4. | Page 302

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 ______,

Economic growth means an increase in ______ and ______ in an economy.

What are the key parameters of Economic Growth?

‘Economic growth is one aspect of economic development. Who said it?

Economic Growth is ______ in nature.

Economic ______ is a broader concept.

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.

Choose the correct statement

Poverty alleviation came as a corollary of rural development.
In 2011, The UN Genera! Assembly passed Resolution Happiness towards a Holistic approach to development.
There are nine domains in GNHI
There are two structural reforms recently brought in India- demonetisation and Goods and

Assertion (A): There are two major structural reforms brought in India recently. They are demonetization and Goods and Services Tax.

Reason (R): India's economy is the 5th fastest growing nation of the World.