Economic Growth And Development

Economic growth means an increase

Economic growth means an increase in the size or magnitude of economic variables such as national output, national income, capital, industries, saving

Economic development is a continuous long

Economic development is a continuous long-run process that improves the economic well-being and quality of life of people. It includes quantitative an

GDP

GDP, or Gross Domestic Product, is the total value of final goods and services produced in an economy during one year. It is the main quantitative mea

Per capita income means income per

Per capita income means income per head of population. For real improvement in availability of goods and services, its growth rate must be greater tha

Economic growth requires a larger stock

Economic growth requires a larger stock of productive capital, stronger supporting services, or greater efficiency of capital and services so that mor