Distinguish between economic growth and development.Briefly mention the main benefits that economic growth confers upon society

ble class="tablepress tablepress-id-255" id="tablepress-255"> Basis for Comparison Economic Growth Economic Development Meaning Economic Growth is the positive change in the real output of the country in a particular span of time. Economic Development involves rise in the level of production in an economy along with the advancement of technology, improvement in living standards and so on. Concept Narrow Broad Scope Increase in the indicators like GDP, per capita income etc. Improvement in life expectancy rate, infant mortality rate, literacy rate and poverty rates. Term Short term process Long term process Applicable to Developed Economies Developing Economies How it can be measured? Upward movement in national income. Upward movement in real national income. Which kind of changes are expected? Quantitative changes Qualitative and quantitative __________ __________ _____ _______ ________ _______.
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