Answer:
Long-term growth can lead to economic development, which leads to benefits such as increased employment rates and national income. Economic growth also provides additional tax income which is used for government spending, which can be used to develop the economy further.. Economic Growth refers to the increment in amount of goods and services produced by an economy. 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
