As we already saw, economic growth could happen without causing an economic development, however is it true that other way around?
To answer this question we can use a Production Possibilities Curve(PPC) model:
In the Figure 1 above we can see a PPC curve with manufacturing goods on the Y axis and merit goods on X axis:
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Paywall
(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.
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