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 ...
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