Question

What is development? Write the main five characteristics of development.

Answer 1

Development economics is a branch of economics that focuses on improving fiscal, economic, and social conditions in developing countries. Development economics considers factors such as health, education, working conditions, domestic and international policies and market conditions. The field also examines both macroeconomic and microeconomic factors relating to the structure of developing economies and domestic and international economic growth.

Answer 2

development means making efforts in positive direction to gain social and economic status