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Economic development | Definition, Examples, Programs, Importance . . . economic development, the process whereby simple, low-income national economies are transformed into modern industrial economies Although the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a country’s economy involving qualitative as well as quantitative improvements
Economic Development - What Is It, Characteristic, Stages, Causes Economic development is the process by which a country or nation progresses from a low-income economy to a thriving modern industrial economy It is broader than economic growth and typically indicates a country's transformation that involves qualitative and quantitative improvements
Economic development - Wikipedia In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives
Economic Development – Definition, Meaning, Types and Features What is Economic Development? Economic development is a process through which the overall education, well-being, health, income and living standards of the general population improves This is where the economy will gradually grow, change and become advanced
Economic Development Definition Examples - Quickonomics Economic development refers to the process through which a region, country, or community improves the well-being of its citizens through targeted objectives such as increasing income, reducing poverty, creating jobs, and expanding access to healthcare and education
Economic Development Explained: Stages, Goals Impact - Penpoin Economic development refers to an economy’s progress in terms of quality It’s not just about economic growth It also talks about a country’s multidimensional aspects, such as increasing per capita income, improving education and health, and reducing poverty and inequality
Economic Development – Meaning and Measurement - tutor2u What is meant by economic development? Economic development is a broad rather than a narrow concept and means a (hopefully sustained) improvement in the quality of life and living standards show through measures of literacy, life-expectancy and health care outcomes
Economic Growth and Development, Meaning, Difference Economic growth and development are often used interchangeably, but they represent different concepts in economics Check more about economic growth and development