Question

Q1) Define economic development.​

Answer 1

Answer:

Economic development is the overall increase in the socioeconomic well being of the people of a country, and an improvement in the living standards. ... Per capita income: national income/ total population (including children) of the country.

Explanation:

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Answer 2

Answer:

"Economic development refers to the process by which the overall health, well-being, and academic level of the general population of a nation improves. ... It is the qualitative improvement in the life of the citizens of a country and is most appropriately determined by the Human Development Index (HDI)."