what are the objectives of economic development?
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The aim of economic development is to improve the material standards of living by raising the absolute level of per capita incomes. Raising per capita incomes is also a stated objective of policy of the governments of all developing countries
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Tʜᴇ ᴀɪᴍ ᴏғ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ɪs ᴛᴏ ɪᴍᴘʀᴏᴠᴇ ᴛʜᴇ ᴍᴀᴛᴇʀɪᴀʟ sᴛᴀɴᴅᴀʀᴅs ᴏғ ʟɪᴠɪɴɢ ʙʏ ʀᴀɪsɪɴɢ ᴛʜᴇ ᴀʙsᴏʟᴜᴛᴇ ʟᴇᴠᴇʟ ᴏғ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇs. Rᴀɪsɪɴɢ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇs ɪs ᴀʟsᴏ ᴀ sᴛᴀᴛᴇᴅ ᴏʙᴊᴇᴄᴛɪᴠᴇ ᴏғ ᴘᴏʟɪᴄʏ ᴏғ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛs ᴏғ ᴀʟʟ ᴅᴇᴠᴇʟᴏᴘɪɴɢ ᴄᴏᴜɴᴛʀɪᴇs
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