INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT2 Marks
Question
Between growth and development, which one is difficult to measure? Why?
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Answer
Development is more difficult to measure compared to growth. Growth refers to quantitative change. It is always easy to measure quantitative aspects. Growth is measured by the means of statistical numbers and indicators such as per capita income, national income, etc.
Development is more of a qualitative aspect. It covers areas like how far the living standard of people has improved? How far is the health of people improved? It is quite difficult and lengthy process to measure such aspects.
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