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Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.

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Q: Is economic growth necessary for economic development?
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Related questions

What are the distinctions between economic growth and economic development?

Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)


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the first and formost aspect in economic growth is human resource development..as we will do more investment in human capital by investing particularly in education and health, we ll get more growth in our economy..to develop the human resources is most important


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what is economic growth and development? Economic development is the institutional change made to promote economic betterment. It is the process of lmproving the quality of human life through increasing per caita income.


How does taxation contribute to economic growth and development?

Taxation contributes to economic growth and development by providing governments with the revenue needed to fund essential public services and infrastructure, such as education, healthcare, transportation, and security. These investments create a foundation for a productive workforce and attract business activity. Taxes also enable redistribution of wealth, reducing inequality and fostering social stability, which supports sustainable growth. By encouraging or discouraging certain behaviors through tax policies, governments can stimulate innovation, promote investment, and address environmental or social challenges. A well-structured taxation system ensures economic stability, boosts investor confidence, and creates an environment conducive to long-term development and prosperity.


Where is the Elgin Economic Development And Growth Endeavor in Elgin Oregon located?

The address of the Elgin Economic Development And Growth Endeavor is: , Elgin, OR 97827-0387


Why is an economic surplus necessary for economic development?

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What are the socio-economic problems which hamper growth and development of India?

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How economic growth is different from economic development?

Economic growth is defined by increases in GDP. Whereas, economic development is more of a vague measure usually encorporating social measures such as literacy rates or life expectancy as a means of measuring a country's level of development.


How is technology the bedrock of economic growth and development?

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