The concept of economic growth is:
A)identical with the concept of economic development
B)narrower than the concept of economic development
C)wider as compared to that of economic development
D)unrelated to the concept of economic development

Question

Quizplus · Accepted Answer

Economic growth refers specifically to the increase in a country's output or income over time, while economic development encompasses economic growth along with improvements in living standards, reduction in poverty, and equitable distribution of wealth, making it a broader concept.

The Concept of Economic Growth Is