What is the difference between economic growth and economic development

The relationship between economic growth and economic development.

1. Economic development and economic growth are interrelated and mutually influential

1.Economic development is the process of innovation or change in which the economic and social structure of a country or region continues to be advanced on the basis of economic growth.

2.The growth of economic volume, that is, the increase in the products and services of a country or region, constitutes the material basis of economic development.

3.Economic development is the growth of economic volume through the improvement and optimization of the economic structure and the improvement and enhancement of economic quality.

2. The difference between economic development and economic growth:

4.Different scales: Economic development not only means the expansion of the scale of the national economy, but also means the improvement of the quality of economic and social life. Therefore, economic development involves more than simple economic growth, and is broader than economic growth.

5.The basis is different: the wealth growth of economic development is reflected in the gross national product, and the distribution and efficiency of costs and time in circulation, management, services and other links directly affect the quality and efficiency of production; Therefore, the more streamlined, honest and efficient the management, service and circulation links, the more economic development can be promoted.

Economic growth, on the other hand, usually refers to a sustained increase in a country's per capita output (or per capita income) over a longer period of time.

6.The influencing factors are different: economic development is to achieve economic growth through the improvement and optimization of economic structure and the improvement and enhancement of economic quality; The direct factors that determine economic growth are the amount of investment, the amount of labor, and the level of productivity.

Economic growth is the foundation of economic development.

There can be no economic development without a certain amount of economic growth. But economic growth is not simply synonymous with economic development. Economic development is a broader concept than economic growth.

Economic growth distress refers to the growth of a country's or region's total output in a certain period compared with the previous period.

Gross output is usually measured in terms of gross domestic product (GDP) or gross domestic product per capita. A broad measure of a country's economic growth rate, usually expressed in terms of the rate of economic growth. Economic development includes not only economic growth, but also technological progress, structural optimization, institutional change, welfare improvement, and further harmony in the relationship between man and nature that accompany the process of economic growth.

Basic theories of economic development

The basic theory of economic development is the continuous improvement of the living standards of people in developing countries or regions, and it is accompanied by the increase of physical and human capital and technological progress. Economic development includes not only economic growth, but also changes in the economic and social structures.

Important: Sustainability. The continuous improvement of the living standards of people in developing countries or regions is accompanied by the increase of physical and human capital and technological progress.

Economic development encompasses not only economic growth, but also changes in the economic and social structures.

The relationship between economic growth and economic development.

1. Different definitions:

Economic growth refers to the growth of a country's or region's total output in a certain period compared with the previous period.

Economic development is accompanied by economic growth, the continuous optimization of the industrial structure, the gradual advancement of the urbanization process, the continuous improvement of the living standards of the vast number of residents, and the gradual improvement of the distribution of national income.

2. Different scales:

Economic development is broader than economic growth. Development consists mainly of three aspects: survival, self-esteem and freedom.

Survival is the most basic human need, including clothing, food, shelter, transportation, health and protection, and it is impossible to survive if these basic needs are not met. To meet these needs, it is necessary to raise incomes, eradicate poverty, and increase employment, while at the same time reducing income inequality. These constitute the necessary conditions for economic development.

3. Different influencing factors:

Economic development is through the optimization of the economic structure, the improvement of living standards, and the improvement of economic volume.

The factors of economic growth are the amount of labor input, the amount of capital input, labor productivity, and the efficiency of capital.

For the general public, economic growth and economic development are concepts that do not need to be distinguished, because both mean being able to enjoy a better standard of living.

However, from the perspective of economic theory, economic growth and economic development are two completely different concepts, economic growth theory is generally discussed in macroeconomics, and economic development theory is generally discussed by independent development economics. Economic growth emphasizes more on the increase in the number of intuitive economic indicators such as GDP and GNI; Economic development places more emphasis on the improvement of comprehensive indicators such as people's living standards, social welfare levels, infrastructure, and public goods, but it is difficult to quantify the performance intuitively, but the improvement of these economic development indicators requires economic growth to provide a material basis.

The development of economic growth theory is older than that of economic development theory, and if you want to have a preliminary understanding of economic growth theory, you can take a look at Romer's "Advanced Macroeconomics".

The essence of the economy is the ability of human beings to meet their own needs through labor and the exchange of labor value.

The essence of economic development is the enhancement of human capacity to meet its own needs.

Just as there are levels of demand, there are also levels of purpose for economic development, but in the final analysis, it comes back to the essence of the economy: it is to better meet the needs of human beings.

The relationship between economic development and economic growth is as follows:

Economic development is an integral part of economic growth: it is an economic management work that organizes the financial activities of enterprises and handles financial relations in accordance with the financial laws and regulations and the principle of management level. The organic composition of capital is an economic management work that organizes the financial activities of an enterprise and handles financial relations.

Economic development takes economic growth as the center and comprehensively develops the raising, investment, use and distribution of funds required in enterprise management, as well as the comprehensive management of decision-making and planning, budget control, analysis and assessment throughout the whole process.

The control of economic development determines that it must be centered on the factors of economic growth, and the functions of economic development include finance, financial decision-making, financial planning, financial control and financial analysis and evaluation. Among them, financial decision-making and financial control are in a key position, which is related to the success or failure of the enterprise, and is extremely important. Generally speaking, most of the industrial relations in industrially advanced countries are not harmonious, resulting in frequent labor disputes, resulting in strikes, sabotage, factory closures, and business closures. The impact is not only enough to bring production to a halt and social disorder, but also to shake the country's foundation and endanger world peace.

The difference between economic development and economic growth is as follows:

1. Different responsibilities.

Economic development is responsible for the unified management of the property and materials of the unit, conducts a property inventory once a year, and improves the system of safekeeping, receiving, maintaining, compensating, scrapping, reporting losses and personnel transfer and handover, so as to ensure that the accounts are consistent.

Economic growth is responsible for organizing the preparation of the unit's fund raising and use plan, and organizing its implementation. The fund-raising plan and the use plan should be combined with the unit's business and business decision-making, as well as production, operation, sales, labor, technical measures and other plans, on an annual, quarterly and monthly basis, and according to the economic accounting responsibility system of the enterprise, the plan indicators will be decomposed and implemented, and the implementation will be supervised. According to the requirements of production and operation development and saving funds, organize relevant personnel, reasonably approve the quota of funds, strengthen the management of the use of funds, and improve the effect of the use of funds. According to the requirements of the combination of management and the centralized and hierarchical management of funds, formulate the implementation measures for fund management and accounting, and organize relevant departments to implement them.

2. The purpose is different.

Economic development is to sell products well, and the main purpose of marketing strategies is to understand the potential market and sales volume of products, as well as the product information of competitors. Only by grasping the market demand can we be targeted, reduce mistakes, and minimize risks.

Economic growth is faced with a dynamic market environment, in order to achieve the established marketing goals of enterprises, marketing strategies should be adjusted in a timely manner according to market changes.

Economic growth: refers to the share or proportion of economic growth formed in comparison with the original economic aggregate and component.

Economic development: is a general concept of macroeconomic growth, which is not only a common term in the economic field, but can also be used in any other field. For the Chinese, it refers more to the increase in the production of goods.

The definitions are different; The scale is different; Economic development is through the optimization of the economic structure, the improvement of living standards, and the improvement of economic volume, and the factors of economic growth are the amount of labor input, the amount of capital input, labor productivity, and the efficiency of capital.

The relationship between economic growth and economic development.

The general economic development to a certain height, with economic growth.

Only those with relatively backward economies use the term development.

To put it bluntly, economic growth is used to improve the economy of developed countries, and economic growth is used to describe economic growth in developing countries.