Question

define the concept of economic devlopment​

Answer 1

Answer:

In the economic study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.

Answer 2

$\huge \sf \red{Answer}$

Economic development refers to the process by which the overall health, well being and academic level of the general population of a nation improve. It also means improved production volume due to the advancements of technology.

It is the qualitative improvement important in the life of citizens of a country and is most appropriately determined by the Human Development Index. The overall development of country is based on many parameters such as the creation of job opportunities, technological advancements, industrial and infrastructural development etc..

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