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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 - 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 - What Is It, Characteristic, Stages, Causes Economic development is the process of wealth production from which all members of the community gain It usually refers to the economy's transition from a low-income to a high-income state From a public standpoint, local economic development entails distributing scarce resources, such as land, labor, capital, and entrepreneurship, to improve business activity, income, income distribution
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
ECONOMIC DEVELOPMENT - iedconline. org The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers With more than 5,100 members, IEDC is the largest organization of its kind When we succeed, our members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions
Economic Development | RAND Economic development includes a host of issues—including energy supply; technology; and access to jobs, food, water, education, health care, and housing—that are fundamental to improving the economic status of communities and transforming impoverished nations RAND takes a multidisciplinary approach to investigating opportunities for economic development, modeling future trends, and