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Development vs Growth - Coggle Diagram
Development vs Growth
Growth
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Effect
Brings a quantitive impact on the economy. Increase in indicators like per capita, income, and GDP, etc.
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Development
Concept
Broader concept, includes economic growth and standard of living.
Scope
Multidimensional because it focuses on the income of people and the improvement of living standards of the people the country
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Measurement
Focuses on both qualitative and quantitative growth. Human Development Index (HDI) gender-related index, Human Poverty Index, Infant Mortality, Literacy Rate
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