Definitions Quote by Mark Noble
“My definition of economic development is economic growth.”
About This Quote
Economic development is equated with economic growth, emphasizing increased production and wealth as primary goals.
In simple terms: Development equals growth.
Focus on boosting economic output.
Themes
Mood
Type
When to use this quote
- policy planning
- business strategy
- investment decisions
Key Concepts
Questions to Reflect On
- How does growth impact inequality?
- What other factors define development?
Growth alone may ignore social welfare.