Monday, February 28, 2011

What is the difference between economic growth and economic development?



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Question by davey..: What is the difference between economic growth and economic development?

I see growth and a country gaining more money but how does this differ from development. Is development more to do with the population and how they are treated?




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Answer by Chris
hey I can answer this one.

um, economic development would be getting me a job. economic growth is the rich get richer.





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