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ano Ang pagkakaiba at pagkakatulad ng economic growth at economic development?​

Sagot :

Answer:

pagkakaiba

Economic growth means an increase in real national income / national output.

Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care.

Pagkakatulad

Both Economic Growth and Economic development add to the progress of the economy.Both of them require investment . Both the concepts deal with quantitative chages of the economy.