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Economic development | Definition, Examples, Programs . . . 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 - 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
What is economic development? Definition and examples Economic Development is the process by which emerging economies become advanced economies In other words, the process by which countries with low living standards become nations with high living standards
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 - Definition, Meaning, Types and . . . 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 is a broader concept that includes economic growth as one of its components but goes beyond it to include improvements in a range of life quality measures, such as health, education, and environmental sustainability