Difference Between Economic Growth and Economic Development

	BASIS	ECONOMIC GROWTH	ECONOMIC DEVELOPMENT
1	MEANING	It refers to the long term increase in real national income i.e. real national output	It refers to the long term increase in national income as well as improvement in social aspects i.e decrease in poverty and illiteracy etc.
2	Concepts	It is quantitative concept i.e national output	It is quantitative and qualitative concept i.e national output, improvement in health care facilities, conservation of environment.
3	Dimension	It is single dimension based.	It is multi dimensional.
4	Scope	It   has   a   narrow      scope    as compare to developmental.	It has a broad and wider scope
5	Type        of economy	It is used to refer developed economy	It      is      generally        used                      for underdeveloped economy.

6	Resource utilisation	It is termed as stabilising the situation of full employment of resources in developed countries.	It is termed as fuller utilisation of available                            resources                            in underdeveloped countries
7	Type                 of changes	It     exhibits      continuous       and steady changes	It     exhibits       discontinuous       and spontaneous changes
8	Distribution of income	It          ignores             considering distribution of income due to the less inequality in income distribution.	It consider distribution of income because economic development focuses on reducing the inequality of distribution of income.
9	Interdepen dence	Growth is not depend upon the development as increase in national income not always shows the sign of development of economy.	Development is the determinant of economic growth as development includes rise in national income and wealth.
10	Emphasis on	It does not emphasis on structural, technical and institutional changes in economy	It emphasis on structural, technical and institutional changes in the economy.

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