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2. THE DIFFERENCE BETWEEN ECONOMIC
DEVELOPMENT AND ECONOMIC GROWTH
ECONOMIC GROWTH
ECONOMIC GROWTH IS AN INCREASE IN NATIONAL
INCOME, WHICH IS A MANIFESTATION OF A PROCESS
OF INCREASING PRODUCTION CAPACITY.
-ECONOMIC GROWTH OR ECONOMIC GROWTH IS A
CONDITION WHERE ECONOMIC ACTIVITIES OR
ACTIVITIES CAUSE AN INCREASE AND INCREASE IN
GOODS OR SERVICES PRODUCED BY SOCIETY.
-ECONOMIC GROWTH IS CHARACTERIZED BY AN
INCREASE IN PER CAPITA OUTPUT, AND IN THE LONG
TERM.
-ECONOMIC GROWTH IS A PROCESS AND NOT A
DESCRIPTION OF THE ECONOMIC SITUATION AT A
CERTAIN TIME.
-IN ECONOMIC GROWTH, THERE ARE 2 SIDES THAT
MUST BE PAID ATTENTION TO, NAMELY TOTAL
OUTPUT (GNP) AND THE SECOND SIDE IS THE
NUMBER OF RESIDENTS.
-ECONOMIC GROWTH IS AN INDICATOR OF
SUCCESSFUL DEVELOPMENT.
