Question

 How is development different from growth? Explain various approaches to
development.

17 Jul 2025
Answer :
Word Count : 551
Development and growth are two interrelated but distinct concepts in economics. Economic growth refers to an increase in a country’s output of goods and services, typically measured by the rise in Gross Domestic Product (GDP). It is quantitative and reflects expansion in economic activity over time. Growth does not necessarily address the distribution of income, improvement in quality of life, or reduction of poverty. In contrast, development is a broader and more qualitative concept that encompasses improvements in standard of living, health, education, reduction in poverty and inequality, and expansion of _________ ______ ______ _____ _____.
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