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What is the difference between growth and development?
What is the difference between growth and development?
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Solution
Development handles 10,000-foot view changes in the economy, while growth takes a gander view at the minor changes. The development includes changes in investment, pay, savings, and financial status, while development relates to an increment in genuine yield. It is generally expected to be dependent on GDP.
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Development handles 10,000-foot view changes in the economy, while growth takes a gander view at the minor changes. The development includes changes in investment, pay, savings, and financial status, while development relates to an increment in genuine yield. It is generally expected to be dependent on GDP.
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