Question

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what is economic development?



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Answer 1

Answer:

In the economic study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives

Explanation:

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Answer 2

❀ What is economic development?

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✰ Economic development is defined as “the process by which a nation improves the economic, political, and social well-being of it's people.”

✰ It is a process of activities and programs that work to improve the economic well-being and quality of life of a community.

✰ It is usually measured by an increase in the gross domestic product (GDP) or other measure of aggregate income.

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