Consider the following statements regarding 39 growth 39 and 39 development 39 1 Whil...........

Economic and Social Issues Growth and development

Consider the following statements regarding 'growth' and 'development'.

1) While growth is understood in terms of an increase in the output of the economy, development is a more comprehensive term.

2) Development stands for growth as well as redistribution

3) Growth is a pre requisite for development to take place.

Which of the above statements are incorrect?

1 only

2 and 3 only

1 and 3 only

All are correct

Definition centric analysis, refer the image

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