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Does economic growth lead to economic development?

Economic growth is a factor of economic development however it does not guarantee economic development. It depends on population growth, the extent the increase increase in GDP and various other factors.

Answered by Haneen S. • Economics tutor

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Related Economics A Level answers

Evaluate the view that attempts by governments to eliminate market failure by intervening in markets for public goods and merits goods will inevitably lead to government failure.

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