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  • Assignmet Eco

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    moataz abdelmged
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    The document discusses the differences between economic growth and economic development. Economic growth focuses only on increasing the quantity of goods and services produced without considering how it impacts society or income distribution. Economic development focuses on improving quality of life factors like education, living standards, and helping poorer groups. Pursuing only economic growth does not benefit the economy or environment long-term and can damage the environment, increase poverty, and lower standards of living. This is referred to as traditional development because it focuses solely on growth over quality or development.

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    The document discusses the differences between economic growth and economic development. Economic growth focuses only on increasing the quantity of goods and services produced without considering how it impacts society or income distribution. Economic development focuses on improving quality of life factors like education, living standards, and helping poorer groups. Pursuing only economic growth does not benefit the economy or environment long-term and can damage the environment, increase poverty, and lower standards of living. This is referred to as traditional development because it focuses solely on growth over quality or development.

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    © All Rights Reserved
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    2 views1 page

    Assignmet Eco

    Uploaded by

    moataz abdelmged
    The document discusses the differences between economic growth and economic development. Economic growth focuses only on increasing the quantity of goods and services produced without considering how it impacts society or income distribution. Economic development focuses on improving quality of life factors like education, living standards, and helping poorer groups. Pursuing only economic growth does not benefit the economy or environment long-term and can damage the environment, increase poverty, and lower standards of living. This is referred to as traditional development because it focuses solely on growth over quality or development.

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    Moataz Wael Kamal

    220210120

    Because interest in economic growth instead of economic development this


    called traditional development

    First what is the economic growth


    It’s a focuse to amount of good and services are produced by (land /labor/capital)
    Doesn’t care about society and distribution of total real income

    Second what is the economic development


    It’s a focuse to quality . ex:(education/level of living/distribution for poor classes)
    The economic development need to improve rhe world to be (decent life) and
    change the structure to be better for people and environment have a sustainable
    and not destruction

    Third when we interest on economic growth we don’t have any profit to


    economy and environmental in the future and the environment will be damaged
    and destroyed

    This called a traditional development


    Because it focused only on the economic growth and quantity not on economic
    development and quality
    And neglect education/poverty/unemployment.

    And end of this the environment influenced by


    1)damage environmental
    2)high poverty
    3) law standard of living

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