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What is the difference between economic growth and economic development?

Growth is only individual dimension of development. Economic development is a complicated multi-dimensional concept to do along with enhancements in the human well-being, particularly for poor people. A seer explains development as the elimination of poverty and reduction, inequality and unemployment into a growing economy.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9579492

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