Economy, asked by anuragkumarSwag3626, 1 year ago

What do you mean by economic development ? Explain features of underdeveliped economy?

Answers

Answered by khalidrja78
3
Growth and development. Economic growth deals with increase in the level of output, but economic development is related to increase in output coupled with improvement in social and political welfare of people within a country. Therefore, economic development encompasses both growth and welfare values.
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