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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
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 - What Is It, Characteristic, Stages, Causes Economic development is a crucial element that fuels economic growth, generating new job possibilities and facilitating an enhanced quality of life for current and future citizens by facilitating more access to opportunities brought about by economic growth
Factors affecting economic development - Economics Help Economic development implies an improvement in economic welfare through higher real incomes and other welfare indices such as improved literacy, better infrastructure, reduced poverty and better health care
Economic Development - Definition, Meaning, Types and . . . 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 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