BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Human development and economic growth are two different paradigms that imply different objectives, measurement techniques, and policies. However, a broad literature has shown that economic growth and human development are intrinsically interconnected, co-evolutionary, and mutually reinforcing each other.

Detailed explanation-2: -Economic growth – measured as an increase of people’s real income – means that the ratio between people’s income and the prices of what they can buy is increasing: goods and services become more affordable, people become less poor.

Detailed explanation-3: -Economic Growth refers to the increment in amount of goods and services produced by an economy. Economic development refers to the reduction and elimination of poverty, unemployment and inequality with the context of growing economy. Economic growth means an increase in real national income / national output.

Detailed explanation-4: -The economic growth focuses on the improvement of one option i.e. income or product while human development focus on enlarging all human options including education, health, clean environment and material well being.