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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
Home - Ministry of Economic Development Trade The Ministry of Economic Development Trade (MoEDT) was formed with a mandate to oversee all activities and matters related to trade and the economy
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 . . . 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 Explained: Stages, Goals Impact What is the economic development? While a healthy income is certainly a key part of a good life, economic development goes far beyond just growing a country’s GDP It’s a comprehensive approach to improving the overall well-being of a nation and its citizens
Factors affecting economic development - Economics Help Economic development requires a degree of political stability, investment and mixture of public and private initiatives to increase economic potential The main factors affecting economic development include Levels of infrastructure – e g transport and communication