1. WHAT IS MEANT BY ECONOMIC DEVELOMENT? CAN IT BE DIFFERENT FOR DIFFERENTLYPLACED PERSONS?
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Economic development is the growth of standard of living of a nationals people from low-poor economy to high and rich economy... It is calculated by GDP
Economic development when the country produce more products and import them to other countries..then there will be a less rate in unemployment...
Top 3 nation are
1. USA
2. China
3. Japan....
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Economic development is the growth of the standard of living of a nations people from a low-income (poor) economy to a high-income (rich) economy. When the local quality of life is improved, there is more economic development. When social scientists study economic development, they look at a lot of things.
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