Answer the following in essay form:   1. What is the perspective and methodology of economic development? 2. What is the difference between economic growth from economic development? 3. What are the various factors affecting both economic growth and development?

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter16: Economic Growth
Section: Chapter Questions
Problem 8E
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Answer the following in essay form:

 

1. What is the perspective and methodology of economic development?

2. What is the difference between economic growth from economic development?

3. What are the various factors affecting both economic growth and development?

4. What are the characteristics common among developing countries?

5. What are the various issues related to the measurements of economic growth and development?

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