Economic Awareness - Sectors of Indian Economy
Which of the following statements is TRUE regarding economic growth and economic development?
Which of the following statements is TRUE regarding economic growth and economic development?
easy Q13 of 15
Step-by-Step Solution
Step 1: Understand scope
Economic development includes economic growth plus social and qualitative improvements.Step 2: Analyze options
Economic development is broader than economic growth, which is only quantitative increase.Final Answer:
Economic development is a broader concept than economic growth → Option DQuick Check:
Economic development is a broader concept than economic growth = correct ✅
Quick Trick: Development includes growth and social progress
Common Mistakes:
MISTAKES- Assuming growth always ensures development.
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