DISTINCTION BETWEEN ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT
There is a greater emphasis on the increase in output and less emphasis on economic welfare in the case of economic growth, whereas economic development lays more emphasis on improvements in the general welfare as a result of more equitable distribution of the increased output of goods and services among individuals. While economic growth is mainly concerned with the growth of income, economic development reveals all aspects of economic activities and emphasizes a more even distribution of facilities between various areas.
In economic growth, there must be a meaningful increase in real income whereas in economic development, a measure of it can be achieved by a fairer distribution of existing goods and services even if there is no substantial increase in output.
153. FUNGAL DISEASES