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Economic development - Wikipedia In the economics study of the public sector, 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
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
Economic Development: Definition, Scope, and Measurement Economic development has greatly improved living conditions and incomes across the world However, an alarming and inevitable consequence of modern economic development is the massive negative impact on the natural environment
Economic Development Definition Examples - Quickonomics 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
Economic Development – Definition, Meaning, Types and Features Economic development is the priority of local, state and federal government as it will lead towards an upgrading in innovation and new ideas, higher literacy rates, creation of jobs, improved environment, creation of higher wealth, labor support and better quality of life
Economic Development - Encyclopedia. com The process of economic development involves changes in economic inputs (the resources, such as land, raw materials, equipment, and labor, that are used to produce goods and services), in the technologies used to combine these inputs in the production process, and in economic outputs (the final products produced by the economy)
Economic Development | Reference Library | Economics - tutor2u What does economic development mean? Michael Todaro specified three objectives of development: Life sustaining goods and services: To increase the availability and widen the distribution of basic life-sustaining goods such as food, shelter, health and protection
What is economic development? A detailed overview - OneMoneyWay Economic development refers to the process of improving the well-being and quality of life for communities and countries by enhancing their economic systems This can involve a variety of initiatives aimed at boosting economic performance, such as increasing employment opportunities, improving infrastructure, and fostering a more equitable