Define the term economic development and state the 2 basis of measuring economic development of the country
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It applies to the all around development of a country where people can earn higher income and can satisfy all their needs.
Economic development can be measured by
1. per capita income
2. national income.
Economic development can be measured by
1. per capita income
2. national income.
Answered by
1
economic development only refers to materialistic and monetary aspects . It includes quantitative growth.
2 basis of economic development are
1) Average Income of a country
2) Distribution of income
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Hope it helps you
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2 basis of economic development are
1) Average Income of a country
2) Distribution of income
_____________________________
Hope it helps you
Pls mark it brainliest
_____________________________
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