Social Sciences, asked by sajagkirti, 1 year ago

definition of development . class 10 economics

Answers

Answered by mregowarrior
490
the process of developing or being developed...........
                 or
 Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc. Features. 
Answered by SharadSangha
1

The definition of development is provided below:

  • Economic development is the growth and improvement of a country's economy, which includes not only the per capita income of its citizens but also the marked with standards of living for its citizens.
  • People will have more choices for a great living if the economy produces more items, services, infrastructure, and technology.
  • Also included in the development is not only materialistic progress, but also poverty reduction, increased employment, increased security for people, and access to fundamental requirements along with education and healthcare.
  • When all of these factors are considered together and favourable results are obtained, it is said to be the development of the economy.

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