the difference between economic growth and economic development
Economic development is the process of investing in an economy in anticipation of economic growth. Examples of economic development range, from building roads and bridges for commerce to supporting universities for research and innovation.ationally, economic growth is most often measured in terms of the gross national product. Because economic growth attempts to measure productivity by showing the total dollars paid for goods and services, GNP, or total productivity, typically rises due to inflation, so economic growth is adjusted for inflation.