What is the difference between growth and development ??? ( 4 points).
Growth | Development |
Growth is quantitative | Development is quantitative and qualitative |
Increase in a country's real level of national output which can be caused by an increase in the quality of resources | increase in living standards |
Economic Growth can be measured by an increase in a country's gross domestic product. | leads to the creation of more opportunities in the sectors of education, healthcare, employment |