What is development??
Gommie dii@Missincreadible
Answers
economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.
Levels
The economic development level of a country refers to the measure of the progress in an economy that could be measured, especially through GDP or GDP per capita. The level of these indicators can be influenced by many factors as a large scale, from social and economical to environmental and government policies factors.
Influences
Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas.
Plans
An economic development plan helps you realize your community's economic vision and take control of your economic future.An economic development plan should: Outline the economic vision, mission, and goals of a community. Outline the economic strategies and specific actions that will be taken.
Stages
Unlike the stages of economic growth (which were proposed in 1960 by economist Walt Rostow as five basic stages: traditional society, preconditions for take-off, take-off, drive to maturity, and age of high mass consumption), there exists no clear definition for the stages of economic development.
Answer:
Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc. Features. (a) Different persons have different developmental goals. (b) Income is a major component of development.