Define Development, Economic growth, Economic development and National Development.
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development means improvement in country's economic and social conditions.it refers to improvements in a way of managing an areas natural and human resources.
economic growth is an increase in the amount of goods and services produced per head of the population over a period of time.
economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
National development is the ability of a country or countries to improve the social welfare of the people e.g by providing social amenities like quality education, potable water, transportation infrastructure, medical care, etc
economic growth is an increase in the amount of goods and services produced per head of the population over a period of time.
economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
National development is the ability of a country or countries to improve the social welfare of the people e.g by providing social amenities like quality education, potable water, transportation infrastructure, medical care, etc
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Explanation:
(a) Social Policy is one of the major components of the Economic Policy
(b) The Social Policy and the Economic Policy are inter-related
(c) The Economic Policy is the integral part of the Social Policy
(d) Social Policy and Economic Policy are separate and each have no relation with the following itIn an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.The problem of unemployment gives rise to the problem of poverty. Young people after a long time of unemployment find the wrong way to earn money. To get rid from the unemployment stress, they accept alcohol or drugs. Increase rate in Crimes.
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