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Economic development - Wikipedia Economic development 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, 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 The goal of being economically developed is to raise the per capita income to improve material living
Economic Development - Brookings Explore Brookings research and analysis on economic development, focusing on policies and strategies that drive growth and prosperity in urban and rural communities Learn about effective economic
Economic Development - Intelligent Economist A country’s economic development is usually indicated by an increase in citizens’ quality of life ‘Quality of life’ is often measured using the Human Development Index, which is an economic model that considers intrinsic personal factors not considered in economic growth, such as literacy rates, life expectancy, and poverty rates
Economic Development Definition Examples - Quickonomics Economic Development Updated Sep 8, 2024 Definition of Economic Development 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
Factors affecting economic development - Economics Help Economic development implies an improvement in economic welfare through higher real incomes and other welfare indices such as improved literacy, better infrastructure, reduced poverty and better health care Economic development requires a degree of political stability, investment and mixture of public and private initiatives to increase economic potential The main…
Economic Development - an overview | ScienceDirect Topics Economic development is the process through which economies are transformed from ones in which most people have very limited resources and choices to ones in which they have much greater resources and choices Development economics refers to studies of economies with relatively low per capita resources, so-called ‘developing economies ’ What causes economies to move from very low per