Difference between individual development and economic development
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The individual development is focused to regional and economic development national level.
Explanation:
- Economic development is a process by which the well-being of the nation is achieved. Economic development relates to modernization, industrialization, and urbanization. As economic growth is based on the phenomenon of market productivity.
- Individual economic development is seen as a means of improvement in the quality of life and living standards like literacy, life expectancy, and healthcare.
- The economic development of a nation can be understood through the Human Development Index. That takes into account all the individual aspects of development.
- Factors that affect the level of development are labor mobility, infrastructure, the flow of foreign aid, and investments.
Learn more about the difference between individual development and economic development.
- brainly.in/question/16628374 answered by rasekarnisha0728,
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