Explain the meaning of economic development. Discuss important goals of economic development. .
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Economic development is a process undertaken by government entities--local, state, national, even transnational--rather than individuals or corporations. ... The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes.
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Explanation:
Answer: Economic development is a process undertaken by government entities--local, state, national, even transnational--rather than individuals or corporations. ... The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes
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