Difference Between Economic Growth and Economic Development

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

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.

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.

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

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

______ 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.

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.

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

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

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