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Why economic growth is not sufficient indicator for development?
Wiki User
∙ 11y ago
Economic growth is just a key for development but not satisfactory indicator because its it does not consider the individual development of the mass of the member of state. It just explains the raise in per capital income which is at national levle and not individual level for incitance it does not explain about life expectance,human development index,physical quality of life index ect
Wiki User
∙ 11y ago
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Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
Which economic indicator does not measure economic growth?
Unemployment rate
Why was economic development shifted from economic growth to human development?
developement includes economic growth, in addition to human development such as providing for health nutrition, a clean evvironment and
Could there be economic growth without economic development?
no economic growth cannot be possible without devlopment
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
similarities of economic growth and development?
economic growth
Which economic indicator does not measure economic growth?
Unemployment rate
Why was economic development shifted from economic growth to human development?
developement includes economic growth, in addition to human development such as providing for health nutrition, a clean evvironment and
Could there be economic growth without economic development?
no economic growth cannot be possible without devlopment
What is Economic growth and economic development?
what is economic growth and development? Economic development is the institutional change made to promote economic betterment. It is the process of lmproving the quality of human life through increasing per caita income.
Where is the Elgin Economic Development And Growth Endeavor in Elgin Oregon located?
The address of the Elgin Economic Development And Growth Endeavor is: , Elgin, OR 97827-0387
How does taxation contribute to economic growth and development?
It doesn't. Rather, taxation removes capital from the private sector where all economic growth and development occur.
What are the socio-economic problems which hamper growth and development of India?
What are the major social economic problem which hamper the growth and development of india? According to mysore university
How economic growth is different from economic development?
Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.
How is technology the bedrock of economic growth and development?
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