WELCOME TO YOU I heartily welcome you to read this post about analysing the terms "Economic growth and Economic development". Share your thoughts as they're very powerful. ------------------------------ Introducing both terms The two terms namely Economic growth and Economic development are the important indicators for measuring the rate of growth in the economy which leads to gradual development. If a country can produce More output, The level of employment will be very high which leads to high level of consumption, Demand, Supply, equal distribution of income, etc. as a result, Gradually there is an improvement in the infrastructure, well-being, growth in both social and economical dimensions. So, We can conclude that the measurement of economic growth is for short period. whereas, Economic development can be achieved with economic growth in long period or long-term. Economic growth Simply the term economic growth refers to an increase in the real output of the country ...