Question

Economic growth provides a broader outlook on economic changes as compared to economic development.

• A. True
• B. False

Answer 1

The correct option is B False

False.

Economic development refers to the economic growth of the economy in all terms which includes all aspects and has become a main and central theme of economic thought throughout the years.

Economic growth refers to the process of using natural resources for the development of the economy in order to increase the per capita income of the economy.