Distinguish between economic growth and economic development and outline the nature of a sustainable economy

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asked Aug 13, 2022 56.1k views

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Mital Pritmani · Answer 1 · 2022-08-18T11:28:37+0000

Answer: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.

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Distinguish between economic growth and economic development and outline the nature of a sustainable economy

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Distinguish between economic growth and economic development and outline the nature of a sustainable economy