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Which of the following statements is TRUE regarding economic growth and economic development?

easy Q13 of 15
Economic Awareness - Sectors of Indian Economy
Which of the following statements is TRUE regarding economic growth and economic development?
AEconomic growth always leads to economic development
BEconomic development only measures increase in national income
CEconomic growth includes improvements in health and education
DEconomic development is a broader concept than economic growth
Step-by-Step Solution
  1. Step 1: Understand scope

    Economic development includes economic growth plus social and qualitative improvements.
  2. Step 2: Analyze options

    Economic development is broader than economic growth, which is only quantitative increase.
  3. Final Answer:

    Economic development is a broader concept than economic growth → Option D
  4. Quick 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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