Economic growth refers to the expansion of the economy in terms of the increase in the monetary value of goods and services produced within a specific period.

It is a quantitative measure that focuses on the increase in the aggregate market value of additional goods and services produced. Economic growth is often measured using indicators such as Gross Domestic Product (GDP) and Gross National Product (GNP) [3].

On the other hand, economic development goes beyond just the expansion of the economy and encompasses broader qualitative changes in the overall well-being and living standards of the population.

It involves improvements in various aspects of society, including health, education, infrastructure, technology, and living conditions.

Economic development is a multi-dimensional approach that considers not only economic growth but also the quality of life and other socio-economic factors.

It is often measured using indicators such as the Human Development Index (HDI), per capita income, and industrial development.

In summary, economic growth focuses on the expansion of the economy in terms of monetary value, while economic development encompasses broader qualitative changes in the well-being and living standards of the population.

Economic growth is a narrower concept, primarily concerned with quantitative changes, while economic development is a broader concept that includes both quantitative and qualitative changes.