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Difference between Growth and Development.

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Difference between Growth and Development:

  • Economic Development (ED) is a process while Economic Growth (EG) is an occurrence.
  • ED is quantitative and qualitative change while EG is only quantitative change.
  • In ED emphasis is on the unutilised resources while in EG emphasis is on the distribution of available resources.
  • ED is related to developing countries while EG is related to developed countries.
  • ED is difficult to measure while. EG is easy to measure.
  • Concept of ED is broad while concept of EG is narrow.
  • ED is related to distribution of per capita income while EG is only related to increase in per capita income.
  • ED is a slow process while EG is a rapid process.
  • ED is not possible without EG while EG is possible without ED.

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