Question

EXPLAIN ECONOMIC DEVLOPMENT.WRITE 2 BASIS OF MEASURING ECONOMIC DEVLOPMENT OF A COUNTRY​

Answer 1

Answer:

Economic development is a sustained increase in real per capital income that promotes economic welfare by reducing poverty, unemployment and inequalities in distribution of income. The two basis of measuring economic development are:  (a) Quality of life and environmental sustainability  (b) Per capital income.

Explanation:

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Answer 2

Answer:

Economic and social development, as a public sector term, 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.

Two bases of measuring development of a country are : (i) Average or per capita income. (ii) National income and public facilities.

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