What are the 4 main types of economic growth and development?

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Solution

Economic frameworks can be sorted into four principle types: customary or traditional economies, order or command economies, blended or mixed economies, and market economies.

Also see: Difference Between Economic Growth and Economic Development

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Which of the following statements are false ?

i) economic growth and economic development are the same

ii) sustainable development is a part of economic growth

iii) sustainable development is a part of economic development.

a) (i)-(ii)

b) (ii)-(iii)

c) (i)-(iii)

d) (i)-(ii)-(iii)

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