Difference Between Economic Growth and Economic Development
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Questions and Answers

______ systems might be less established causing problems with the fair provision of goods and services from business to consumers, preventing economic growth.

Legal, judicial, or financial

Inadequate human or physical capital may also prevent economic growth and development. As outlined above, investment in physical capital and education and training are all necessary for economic growth and development.

Human

Increased welfare refers to improvements in material and non-material aspects of people's lives, including access to essential goods and services such as food, shelter, healthcare, education, and social protection.

Welfare

______ goes beyond just economic indicators to encompass broader aspects of well-being, including education, health, gender equality, environmental sustainability, and political empowerment.

<p>Human development</p> Signup and view all the answers

Government programs that provide conditional cash transfers to low-income families focus on ______.

<p>Increased welfare</p> Signup and view all the answers

______ aim to create societies where everyone has the opportunity to live a dignified and fulfilling life, with access to the resources and opportunities needed for personal and collective flourishing.

<p>Increased welfare and human development</p> Signup and view all the answers

Increased welfare and human development address different dimensions of human well-being and progress, focusing on both material and non-material aspects of people's lives.

<p>Human development</p> Signup and view all the answers

______ aim to provide access to essential goods and services such as food, shelter, healthcare, education, and social protection.

<p>Increased welfare</p> Signup and view all the answers

Implementation of comprehensive education reforms aimed at improving access to quality education for all citizens is an example of ______.

<p>Human development</p> Signup and view all the answers

______ aim to encompass broader aspects of well-being, going beyond just economic indicators.

<p>Human development</p> Signup and view all the answers

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