Question

is it possible to achieve higher economic growth without development ? explain your answer

is it possible to achieve higher economic growth without development ? explain your answer

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Answer #1

Answer - Yes , higher economic growth is possible without the higher developement. The higher economic growth will be measured in terms of GDP , productivity , rightward shift in PPC and increase in the resources. If the economy has shifted rightward on PPC , if its GDP has increased , it is discovering new methods of production , producing more, then it will be called economic growth. This all is possible to attain without development also. Development here means education , health , increasing the standard of living etc. Without this development also the economic growth is possible.

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