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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 – 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
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
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 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 - 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
Economic Development - (Principles of Macroeconomics) - Vocab . . . Economic development is the process by which a nation improves the economic, political, and social well-being of its people It involves the growth of human capital, the modernization of infrastructure, and the improvement of quality of life
Economic Development 101: What Is It and Why Does It Matter? Simply put, economic development is the process of boosting the wealth within a community by generating new “outside” dollars This can be done in various ways; people often equate it with bringing in new businesses