Question

explain the old and new concept of economic development​

Answer 1

Explanation:

Old economy is used to describe the blue-chip companies that lead the economy during the early parts of the 20th century as industrialisation expanded Around The World.Meanwhile the new economy refers to the high growth industry of the internet era and are the new driving forces of economic growth.

please mark me as brainliest.

Answer 2

Old and new concept of economic development:

Old concept of economic development:

• It always uses the traditional method.

• Old economy provides the sustainable growth towards the society.

• Though these old concepts of economic development should not have any technological advancement but still it shows a balanced growth.

• In the case of old economy, it was mostly driven by manufacturing companies with an availability of a sufficient amount of plants.

New concept of economic development:

• New economic development provides an efficient strategy for the growth.

• It improves the public finances for the better development of the society.

• It uses some new technology for the growth of the society.

• Economic development outlines the economic well- being of a nation as it models itself based on targeted objectives.

• New economic development is a system of transition from a manufacturing to a service-based setup.

Learn more about economic development

Is human development essential for economic development

brainly.in/question/5568919

How does health infrastructure affect the economic development

brainly.in/question/4503032