Question

what is economic development​

Answer 1

HEY MATE.............

ur 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.

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.

Answer 2

Answer:

economic development​ refers to that process as a result of which, along with increase in real per capita income, there is reduction in inequality, poverty , illiteracy and disease

Two bases of measuring it are:-

1) HDI ( Human Development Index ).

2) PCI ( Per Capita Income

Explanation: