Economic development definition
Answers
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, or local community are improved according to targeted goals and objectives.
Explanation:
Question ;
What is the definition of economic development ?
Free Definition :
The process of raising or increase meant in the financial condition of the individual , nation or world is defined as the Economic development .
Answer in detail :
The economy condition of any nation or individuals plays a great role in the advancement and development of whole nation or individuals . The economy condition of anyone is determined by the trading activities or job done by an individual . The major requirement for the economic development is the literacy rate, manpower, skill , natural resources , etc