explain the economic development of a community in 5 points
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Community economic development (CED) or local economic development (LED) is a community- driven process where communities identify and initiate their own solutions to economic, social and environmental issues to build healthy, economically viable communities. ... Improve the physical environment of the community.
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Unlike the stages of economic growth (which were proposed in 1960 by economist Walt Rostow as five basic stages: traditional society, preconditions for take-off, take-off, drive to maturity, and age of high mass consumption), there exists no clear definition for the stages of economic development.
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