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The distinction between growth and development is central to the study of labour and labour markets, as it reflects not only the expansion of economic activity but also the transformation of human well-being and social structures. Economic growth generally refers to a quantitative increase in a country’s output of goods and services over time, usually measured by indicators such as Gross Domestic Product (GDP) or Gross National Income (GNI). It is concerned with the rise in aggregate production, income levels, and consumption capacity. Growth is thus a numerical and value-based concept, emphasizing expansion in measurable economic variables. In contrast, development is a broader and more qualitative concept that encompasses improvements in the quality of life, reduction in poverty and inequality, enhancement of human capabilities, and expansion of opportunities for individuals to lead meaningful lives. Growth can occur without development if the benefits of increased production are unevenly distributed or if they fail to improve living standards for the majority of the population. For instance, a country may experience rapid industrial growth driven by capital-intensive sectors, yet unemployment may persist or even increase due to the displacement of labour. In such a situation, labour markets may _____ _______ _______ ______ _______ ___ ____ _________ ______ ______ ______ ______.
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