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Question
What are the examples of growth and development?
What are the examples of growth and development?
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Solution
Economic growth is an increment in the creation of labor and products in an economy.
Expansions in capital products, workforce, innovation, and human resources would all be able to add to monetary development.
Economic development includes an increase in investment and savings.
Also see: Difference Between Economic Growth and Economic Development
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Economic growth is an increment in the creation of labor and products in an economy.
Expansions in capital products, workforce, innovation, and human resources would all be able to add to monetary development.
Economic development includes an increase in investment and savings.
Also see: Difference Between Economic Growth and Economic Development
Stay tuned to BYJU’S to learn similar Commerce Questions.
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