Economy, asked by ggv7vu, 10 months ago

2. Why is development does not have a singular definition? economics question grade 10​

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Answered by vaibhavibrainly
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Explanation:

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Development as a vision:

Here, the term is used to describe how desirable a society or a region is, possibly with regard to what it can become

Development as a historical process:

This refers to social change that occurs over extended periods of time due to inevitable processes. For instance, it is widely believed that both communism and capitalism are an inevitable outcome of progress.

Development as action:

This refers to deliberate action to change things for the better, as with providing aid to alleviate hunger

All of these are definitions of development, but when it comes to distinguishing between nations that are more developed than others, or when describing some other international aspect, usually more meaning is implied in the word.

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