Question

defines the term economic development

Answer 1

Economic development is the process by which a nation improves the economic, political, and social well-being of its people. 

Answer 2

Economic development :

★ It is the process by which a nation improves the economic, political, and social well-being of its people.

★ The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries.

★The concept, however, has been in existence in the West for centuries. 

★ Modernization,Westernization, and especially Industrialization are other terms people have used while discussing economic development.

★ Economic development has a direct relationship with the environment and environmental issues.

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