Download App

INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT3 Marks
Question
Write any six points of difference between Economic growth and Economic development.
✓

Answer

1. Nature: Growth is a quantitative change; Development is both qualitative and quantitative.
2. Scope: Growth is narrow (focus on output); Development is broad (focus on welfare).
3. Necessity: Growth can occur without development; Development cannot occur without growth.
4. Concept: Growth is a process; Development is a result/end.
5. Measurement: Growth is easy to measure; Development is difficult to measure.
6. Requirement: Growth is more relevant for developed nations; Development for developing nations.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Each" from INDICATORS OF GROWTH AND DEVELOPMENT→INDICATORS OF GROWTH AND DEVELOPMENT — all question types→Economics STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Explain drinking water and provision of toilets as indicators of poverty in India.
→
How do small scale industries help in balanced regional development?
→
Write a short note on size and growth rate of India’s population.
→
“Defective education system is responsible for unemployment”. Explain the statement.
→
Explain any three reasons for international trade.
→
‘More the merrier’. Explain.
→
Write a short note on low per capita household consumption expenditure as an indicator of poverty.
→
Write a short note on the developinenf of Indian Railway.
→
How is unregulated urbanization caused?
→
Explain Any three points about importance of industry.
→