What is the difference between Economic Growth and Economic Development?

If I understand it correctly, economic growth is a positive economic movement. It doesn't necessarily repeat, but is a good event when it happens. Economic development is a positive change in structure. I was once told that if you give a person a fish, they will shortly not be hungry. If you teach someone how to fish, they may never be hungry. I think that this is in a way the same idea.

economic development is a broader concept than economic growth..it means economic growth +improvement in the standard of living of the people...economic growth on the other hand excludes the welfare aspect..

economic growth relates to advanced countries. economic development relates to underdevelopment countries. economic growth is narrower concept. economic development is wider concept

Economic growth is a quantitative termd dealing with the change in a nation's GDP over some time period, usually three months or a year. Economic development is somewhat more difficult to define, as it is made up of many parts. In general, a developed country will be both technology and institutionaly advanced. Moreover, their industries are less agrarian and more industrial in nature.

no difference

Economic growth is the increase in value of the goods and services produced by an economy. It is conventionally measured as the percent rate of increase in real gross domestic product, or GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to net out the effect of inflation on the price of the goods and services produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment," which is caused by growth in aggregate demand or observed output. As economic growth is measured as the annual percent change of National Income it has all the advantages and drawbacks of that level variable. But people tend to attach a particular value to the annual percentage change, perhaps since it tells them what happens to their pay check. http://en.wikipedia.org/wiki/Economic_growth Economic development is a sustainable increase in living standards that implies increased per capita income, better education and health as well as environmental protection. Public policy generally aims at continuous and sustained economic growth and expansion of national economies so that 'developing countries' become 'developed countries'. The economic development process supposes that legal and institutional adjustments are made to give incentives for innovation and for investments so as to develop an efficient production and distribution system for goods and services. Economic development has evolved into a professional industry of highly specialized practitioners normally working in public-private partnerships that are sanctioned and many times at least partially funded by local, regional and state/provincial tax dollars. These economic development corporations function as individual entities and in some cases as departments of local governments. Their role is to seek out new economic opportunities and retain their existing business wealth. There is intense competition between communities, states and nations for new economic projects. The creation and retention struggle is further intensified by the use of many variations of economic incentives to the potential business. These incentives vary greatly and can be highly controversial. The measurement of success within this industry is normally job creation, economic growth and increased or retained tax base. There are more than 20,000 professional economic developers employed world wide in this highly specialized industry. More than 4,000 of those professionals are in North America. The International Economic Development Council, IEDC is headquartered in Washington, D.C. The use of community profiling tools and database templates measures community assets versus other communities and professional site location consultants advise businesses on the most probable best location for the business location and/or relocation. Economic development in its simplest form is the creation of economic wealth for all citizens within the diverse layers of society so that all people have access to potential increased quality of life. Job creation, economic output and increase in taxable basis are the most common measurement tools. http://en.wikipedia.org/wiki/Economic_development

both have different meaning eco- growth related to the economic condition of india and eco -development related to the infrastructure problem