what do you mean by economic development
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economic development means the increase in the wealth of the country which can also be through foreign exchange. in other words, it means financial development of a country.
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Abdulkhalik:
what in hindi
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Economic development is economic growth accompanied by a change in the structure of the economy.
eg, a Less Developed County (LDC) which increases its GDP purely due to the increase in the market value of one cash crop such as coffee is not experiencing economic development.
However, if said country uses these increased revenues to invest in infrastructure such as communications and education and begins to move away from agricture towards manufacturing and limited services industries they are said to be experiencing economic development
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eg, a Less Developed County (LDC) which increases its GDP purely due to the increase in the market value of one cash crop such as coffee is not experiencing economic development.
However, if said country uses these increased revenues to invest in infrastructure such as communications and education and begins to move away from agricture towards manufacturing and limited services industries they are said to be experiencing economic development
please mark me the brain list please please please please
i beg you please please please
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