Economic growth is mostly defined by GDP growth, this is, the increase of the production of goods and services in a given area (normally a country) within a time period (normally one year but it can...
Economic growth has been positively statistically correlated to the following development phenonmenae:1) Quality of life, as measured by basic statistics.2) Duration of life.3) Provision of...
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...