explain any two definitions of economic development?
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Economic Development.
Explanation:
- 1: Economic development is the representation of society through its progress.
- It shows how much well-being a nation is and on which scale it lies.
- From another perspective, economic development is the growth of the nation.
- 2: There are two terms economic growth and economic development.
- Economic growth is the measurement of income and domestic products, whereas economic development is the improvement of lifestyle and technology.
- Economic development have some policies which are considered to take good actions for its growth.
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What is economic development
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