Which of these concepts is qualified as a ldquo qualitative rdquo rather than a ldquo quantitative r...........

Economic Affairs Others

Download Solution PDF

Which of these concepts is qualified as a “qualitative” rather than a “quantitative” progress?

Economic growth

Economic Development

Gross Domestic Product

Per capita income

छोटे Courses बड़े Results

Master Others

Prepare through Micro-courses

Try Now

Explanation:

GDP or per capita income are indicators of economic growth, and do not cover qualitative aspects of growth such as equality, education, health. Economic development covers all aspects of social and economic development, for e.g. R&D, gender and caste equity in growth etc.