Economic Development: Broad Concept , Qualitative Concept , Measured in terms of Productivity and quality of human life, Trade reduced regional imbalance and increased standard of living., Increase in national income+ Progressive changes, Economic Growth: Narrow Concept, Quantitative concept , Measured in terms of National Income and GDP, GDP has increased by 15% as trade between the country has increased by Rs.100 Crores., Consumption+ Investments+ Exports,

Economic Development

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