Difference B/W Economic Growth & Development?

Answer 1

Economic growth is quantitative (if an economy grows, today it produces and consumes more than it did five or ten years ago). Economic development is qualitative (if economy develops, today it produces and consumes at least some things that were not available five or ten years ago).

Answer 2

The difference is that growth is concerned just with how much output is produced and development is concerned not only with economic but also withsocial factors.
A common way of understanding the difference is analyzing the differences between a ranking of countries according to GDP growth and another according to Human Development Index. THey will not be the same.
The difference is that HDI not only focuses on output growth but in ither measures of well-being: life expectancy, education and poverty, if I am not mistakes (it wouldn't hurt loking the exact components up, though). So, we find that the underlying hypothesis of HDI is that development is not only an output phenomenon, but something far more complex.
You should note, however, that GDP growth is usually used in empirical work as a proxy for development. Why? Because it is widely assumed that the more developed a society, the more it will be able to grow.

Answer 3

They are essentially the same field, although Economic Growth concerns all economies, while Economic Development is a sub field that concentrates specifically on increasing the growth rate of poor nations.

Answer 4

economic growth is more on quantity (GNP, employment rate, inflation rate, etc) while development is more on quality (of the people and institution). Economic growth can be the result of economic development but it is possible to have growth without development.