A key component of economic development and human welfare.
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The Elements of Economic Development
- The creation of capacity. ...
- Resource analysis. ...
- Five basic objectives. ...
- Make existing employers more competitive. ...
- Encourage new employers. ...
- Capture more local dollars. ...
- Attract new employers. ...
- Access outside sources of capital.
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Development and Human Welfare
Defining development and human welfare
The term development is highly complex and has many facets including economic progress and quality of life. Quality of life relates directly to human welfare and is influenced by economic, social, political and environmental factors. The United Nations defines development 'to lead
There are many ways to measure development many indicators are one dimensional such as Gross Domestic Product (GDP), others take in more than one factor and so are multidimensional such as Human Development Index (HDI)
One dimensional economic indicators include:
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