Question

explain the economic development of a community in 5 points​

Answer 1

Answer:

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.

Answer 2

Answer:

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.