Structural change represents the fundamental changes that occurring in the basic features of the economy over a long period.
Development is described as growth plus structural changes. Structural changes constitute to the most important part of development.
Structural changes refer to long term and persistent shifts in the sectoral composition of economic systems (Chenery and others 1986, Syrqui- 2007).
Structure of an economy refers to the fundamental features of the economy like the size of the primary, secondary and tertiary sectors in terms of their contribution to GDP and employment. Other important elements of structure are trade composition (the items that we export and import), saving GDP ratio (level of savings as a percent of GDP) etc. Structure of the economy thus means the occupational structure, sectoral distribution of income, industrial pattern, composition of exports, saving- GDP ratio etc.
