Concept:Economic growth is a narrow, quantitative process, whereas economic development includes wider qualitative changes.
Explanation:Economic growth refers to a steady increase in a country's real output or income over time.
It is mainly concerned with
expansion — producing more goods and services — and it does not automatically include improvements in welfare, education, or technology.
Economic development, on the other hand, involves
positive changes in the structure of the economy, such as better living standards, reduced poverty, and technological advancement.
Thus, growth can occur without development, because it describes an increase in size rather than a change in the quality or structure of the economy.
The key distinction is that growth is about
expansion, while development is about
change.
Answer:Economic growth is different from economic development because it describes expansion and not change.
Correct option:
C.