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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
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 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 - What Is It, Characteristic, Stages, Causes Economic development is the process by which a country or nation progresses from a low-income economy to a thriving modern industrial economy It is broader than economic growth and typically indicates a country's transformation that involves qualitative and quantitative improvements
What is economic development? - International Economic Development Council Economic development aims to influence the growth and restructuring of a community’s economy to enhance its well being This is achieved through job creation and retention, wealth creation for individuals and businesses, tax base enhancements, and improvement in quality of life
What is economic development and how is it measured? Economic development is a broad concept that refers to the sustained improvement in the quality of life and living standards of a population It encompasses factors such as literacy rates, life expectancy, and healthcare outcomes
Economic Development - an overview | ScienceDirect Topics Economic development involves the construction and operation of buildings, factories, pipelines, bridges, roads, mines, dikes, airports, and residential areas This sector is particularly associated with wetland conversion and changes in water, sediment, habitat, and thermal regimes
Economic Development Explained: Stages, Goals Impact - Penpoin 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
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 summary | Britannica economic development, Process whereby simple, low-income national economies are transformed into modern industrial economies Theories of economic development—the evolution of poor countries dependent on agriculture or resource extraction into prosperous countries with diversified economies—are of critical importance to developing nations