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Answer» Difference between Growth and Development: - Economic Development (ED) is a process while Economic Growth (EG) is an occurrence.
- ED is quantitative and qualitative change while EG is only quantitative change.
- In ED emphasis is on the unutilised resources while in EG emphasis is on the distribution of available resources.
- ED is related to developing countries while EG is related to developed countries.
- ED is difficult to measure while. EG is easy to measure.
- Concept of ED is broad while concept of EG is narrow.
- ED is related to distribution of per capita income while EG is only related to increase in per capita income.
- ED is a slow process while EG is a rapid process.
- ED is not possible without EG while EG is possible without ED.
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