Economic Growth | Economic Development | Difference between growth and development explained
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YouTubeEconoMind, The Numbers Behind the Economy
Economic Growth | Economic Development | Difference between growth and development explained
In this video lecture, we clarify the key differences between economic growth and economic development. While economic growth refers to the increase in a country's output of goods and services, economic development encompasses broader improvements in living standards, health, education, and quality of life. We discuss the implications of these ...
5.4K viewsJul 8, 2024
Economic geography Economic Development
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