Question

what is devlopment of an economy​

Answer 1

Explanation:

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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

Answer:

Economic development is the growth of the standard of living of a nations people from a low-income (poor) economy to a high-income (rich) economy. When the local quality of life is improved, there is more economic development.

When social scientists study economic development, they look at a lot of things. They want to know about the way economic development is discussed by historians. They also want to know how development is happening today. They may want to know why people invest more money in some places than in others. They also want to know why people are better at making things to sell in some countries rather than others.