economic development is a _____
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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, local community, or an individual are improved according to targeted goals and objectives.
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Economic development ideally refers to the sustained, concerted actions of communities and policymakers that improve the standard of living and economic health of a specific locality. It involves development of human capital, increasing the literacy ratio, improvements in infrastructure, health, safety and others areas that aim at increasing the general welfare of citizens.
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