Question

What do you mean by development in economics

Answer 1

From a policy perspective, economic development can be defined as efforts that seek to improve theeconomic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.

Answer 2

From a policy perspective, economic development can be defined as efforts that seek to improve the economicwell-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.