Question

mention the definition of Colin Clark on economic development​

Answer 1

Answer:

1)According to Colin Clark, “Economic development is simply an increase in economic welfare.”2)According to Okun and Richardson,” Economic development may be defined as a sustainedsecular improvement in material well-being which we may consider to be reflected in anincreasing flow of goods and services.”3)According to Kindle Berger and Herrick,” Economic development is generally defined to includeimprovement in material welfare, especially for the person with the lowest income, diseases andreally death.”4)According to United Nations expert committee, “development concerns not only man’s materialneeds but also the improvement of the social condition of his life. Development is, therefore, notonly economic growth but growth plus change – social cultural and institutional as well aseconomic

Explanation:

Answer 2

Answer:

1) According to Colin Clark, “Economic development is simply an increase in economic welfare.” 2) According to Okun and Richardson,” Economic development may be defined as a sustained secular improvement in material well-being which we may consider to be reflected in an increasing flow of goods and services.”