Question

Meaning and definition of development in economics

Answer 1

Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries.

Answer 2

defined as efforts that seek to improve the economic well-being and quality of life fo
r a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.✌✌✌✌


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