Economic growth has a close relationship with economic development. We need economic growth to support economic development because it contributes to
Economic Development
Economic Development: Meaning, Goals, and Stages
What's it: Economic development refers to the progress of an economy in terms of quality. It's not just about economic growth. It also talks
Human Development Index: Indicators, Ranking, Benefits, Limitations
What's it: Human Development Index (HDI) is an indicator that tells you the country's social and economic development. It considers three dimensions,
Gini Coefficient: Meaning, Calculation Method, Data, Pros, and Cons
What's it: Gini coefficient is a statistic of economic inequality in a society. It tells you the distribution of income or wealth among individuals