A comparsion Economic Growth and Development Economic growth is a narrower concept than economic development. It is defined as the increase in the value of goods and services produced by every sector of the economy. It refers to increase over time in a country's real output of goods and services. It is usually expressed in terms of the gross or net national product. However other makers could be employed such as the extent of urbanization degree of industrialization, level of human development etc. Economic Growth does not take into account the size of the informal economy Economic Growth does not take into account the depletion of natural resources. Which might lead pollution, congestion & disease. Economic development is a normative concept. It applies in the contextof people's sense of morality (right and wrong .good and bad There is far more to Economic Development than income growth; for if income distribution is highly skewed growth may not accompanied by much progress towards the goals that an usually associated with economic development. The definition of economic development given by Michael Todaro is "An increase in living standard improvement in self- esteem needs and freedom from oppression as well as a greater choise" Thus it implies progressive change m the Social economic structure of a country. It involves study of decling m the share of agriculture in GDP and a corresponding increase in the share of industries trade banking construction and other services in GDP According to Meier and Baldwin, "Economic development is a process where by country's real national income increases over a long period The economic development of a country is defined as the development of the economic wealth of the country. It involves change in the composition of output as well as more just distribution of output, Income and wealth among the members of society.