Answers:
The
terms ‘development’ and ‘growth’ are not related to the kind of economy. The
two terms can be distinguished on the basis of nature and causes of changes.
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Growth
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Development
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Single dimension i.e. increase in
output alone.
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Multi-dimensional i.e. more output
and changes in technical and institutional arrangements.
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Quantitative change i.e. changes in
national and per capita income.
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Qualitative change i.e. changes in
composition and distribution of national along with per capita income.
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Gradual and steady change in the
long run.
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Discontinuance and spontaneous
change.
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Growth is possible without
development.
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Growth to some extent is essential
for development.
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Continuous
change.
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Discontinuous
change.
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