Differentiate economic growth and economic development, Macroeconomics

Differentiate economic growth and economic development.

Economic growth is a raise into real GDP. GDP is only one dimension of development and therefore is a narrow measure of economic welfare.

Economic development is extensive and to do along with key aspects of human well-being. Generally economic development needs:

• Sustainable economic growth,

• A reduction of poverty, inequality and unemployment

• Enhancements in life expectancy, educational achievement, individual self esteem, expanding economic and social choice

• A decrement in fear of starvation and fear of ruin through one bad harvest.

Posted Date: 8/26/2013 7:08:54 AM | Location : United States







Related Discussions:- Differentiate economic growth and economic development, Assignment Help, Ask Question on Differentiate economic growth and economic development, Get Answer, Expert's Help, Differentiate economic growth and economic development Discussions

Write discussion on Differentiate economic growth and economic development
Your posts are moderated
Related Questions
The LM curve  The LM curve shows all combinations of R and Y, where the money market is in equilibrium. The LM-curve slopes upwards. Mone

A monopoly is broken into a number of competitive parts. Predict the changes in output and price which are likely to take place. Making the basic assumptions that,  1) The i

What is money has nothing to do with token We also consider that what is money has nothing to do with token or commodity itself: USD is money in United States but not in

Compare Classical economic theory to Keynesian economic theory. Which approach, if either is the US currently applying and what have been the effects of such policies?

Problem >> Explore the relationship between Artificial intelligence and Neural networks. The systems which use this type of intelligence are known as artificial intelligent

Consider the following prisoners' dilemma game.    C D C 4,4 0,6 D 6,0 1,1

Design a rectangular patch antenna (substrate: εr = 3, tan-δ=0, h = 0.75 mm) operating at f0 = 2.5 GHz a) Determine the dimensions W and L of the antenna, assume w/λo b) The

Augmented Saving An alternative way of determining equilibrium  GDP  is to find the level of income where the sum of desired injections equals the sum of desired leakages. Desi

Question 1: (a) Outline the three main methods of recruitment. (b) Discuss the advantages & disadvantages of any one method mentioned above.

This problem substitutes financial health with housing in a 2 period consumption savings model. The representative consumer has the utility function u(c1, c2) = lnc1 + lnc2 with ea