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To differentiate between concepts in Development Economics, it is essential to focus on their definitions, objectives, approaches, and outcomes. For instance, economic growth and economic development, though closely related, are distinct. Economic growth refers to the increase in a country's output, typically measured by Gross Domestic Product (GDP) or Gross National Product (GNP), emphasizing quantitative aspects. In contrast, economic development is broader, encompassing ________ ___ _______ ____ _____ ____ _________.
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