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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
What is economic development? - International Economic Development Council Frequently Asked Questions What is economic development? A set of programs and policies that aid in the creation, retention and expansion of jobs, the development of a stable tax base, and the enhancement of wealth Economic development aims to influence the growth and restructuring of a community’s economy to enhance its well being
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 - an overview | ScienceDirect Topics Economic development is the process through which economies are transformed from ones in which most people have very limited resources and choices to ones in which they have much greater resources and choices Development economics refers to studies of economies with relatively low per capita resources, so-called ‘developing economies ’ What causes economies to move from very low per
Economic Development - Brookings Explore Brookings research and analysis on economic development, focusing on policies and strategies that drive growth and prosperity in urban and rural communities Learn about effective economic