Question
Explain difference between Economic Growth and Economic Development.
| NO. | Points | Economic Development | Economic Growth |
| $1.$ | Meaning | Economic development is a process. | Economic Growth is an occurrence. It is a result of economic development. |
| $2.$ | Change | In Economic development quantitative and qualitative changes take place. | In Economic Growth quantitative change occur. |
| $3.$ | Emphasis on utilisation | In Economic Development Emphasis on unutilized resources arises. | in Economic Growth emphasis is on the distribution of available resources. |
| $4.$ | Country | Economic Development occurs in developing countries. | Economic Growth occurs in developed countries. |
| $5.$ | Measure | It is difficult to measure Economic Development. | It is easy to measure Economic Growth. |
| $6.$ | Concept | Economic Development is a broad concept. | Economic Growth is a narrow concept. |
| $7.$ | Process | Economic Development is a slow process. | Economic Growth is a rapid process. |
| $8.$ | Possibility | Economic Development is not possible without Economic Growth. | Economic Growth is possible without Economic Development. |
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