Question

what is a devlopment of economy​

Answer 1

Answer:

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ɪɴᴄʀᴇᴀsᴇ ɪɴ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ.

ᴄʜᴀɴɢᴇs ɪɴ ᴄᴏᴍᴘᴏsɪᴛɪᴏɴ ᴏғ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ.

ᴜᴘᴡᴀʀᴅ ᴛʀᴇɴᴅ ɪɴ ᴏᴜᴛᴘᴜᴛ.

ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴏғ ᴀɢʀɪᴄᴜʟᴛᴜʀᴇ.

ᴄʜᴀɴɢᴇs ɪɴ ɪɴᴅᴜsᴛʀɪᴀʟ sᴄᴇɴᴀʀɪᴏ.

ɪɴᴄʀᴇᴀsᴇ ɪɴ ᴛʜᴇ ʀᴀᴛᴇ ᴏғ sᴀᴠɪɴɢ ᴀɴᴅ ɪɴᴠᴇsᴛᴍᴇɴᴛ.

ᴇxᴘᴀɴsɪᴏɴ ᴏғ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ.

ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ɪɴ sᴄɪᴇɴᴄᴇ ᴀɴᴅ ᴛᴇᴄʜɴᴏʟᴏɢʏ.

ᴘʀᴏɢʀᴇss ɪɴ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ʜᴇᴀʟᴛʜ ғᴀᴄɪʟɪᴛɪᴇs

Answer 2

Explanation:

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

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