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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, 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 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
Economic Development - Intelligent Economist Economic Development is indicated by an increase in the quality of life Economic Growth is measured by an outward shift in the Production Possibility Curve
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
What is economic development? - International Economic Development Council Economic development aims to influence the growth and restructuring of a community’s economy to enhance its well being This is achieved through job creation and retention, wealth creation for individuals and businesses, tax base enhancements, and improvement in quality of life
25 Types of Economic Development - Simplicable Economic development is the process of improving the quality of life of a nation, region or community This typically involves objectives such as social well-being, economic growth and sustainability
Exploring Economic Development: Diverse Perspectives and Definitions In this blog post, we will explore the diverse views and definitions of economic development, starting with classical economists like Adam Smith and David Ricardo, moving through the neo-classical era, and examining the structuralist and modern approaches, including the human development theory introduced by Amartya Sen
Economic Development - Encyclopedia. com For some, development has the appearance of successful commercial enterprise; for others, the face of development is one of economic equality Nevertheless, the concept of economic development has the attention of government, the business sector, and the citizenry