Question

What in your opinion is the most satisfactory measure of economic development?

Answer 1

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Generally, economic development is a process of change over a long period of time. Though there are several criteria or principles to measure the economic development, yet none provides a satisfactory and universally acceptable index of economic development.

Answer 2

Explanation:

Generally, economic development is a process of change over a long period of time. Though there are several criteria or principles to measure the economic development, yet none provides a satisfactory and universally acceptable index of economic development.