what is economic development
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Answered by
30
economic development
Economic development
Progress in an economy, or the qualitativemeasure of this. Economic development usually refers to the adoption of new technologies, transition from agriculture-based to industry-based economy, andgeneral improvement in living standards.
Examples :-
When the country is in a state ofeconomic development putting out the right product at the right time can lead to huge profits.
When we visited some countries which were still in economic development, citizens gathered around us just to look at my smart phone and showed amazement.
The country was undergoing a lot ofeconomic development and it was really cool to see because a few years ago their economy was bad.
Hope it helps you :)
Economic development
Progress in an economy, or the qualitativemeasure of this. Economic development usually refers to the adoption of new technologies, transition from agriculture-based to industry-based economy, andgeneral improvement in living standards.
Examples :-
When the country is in a state ofeconomic development putting out the right product at the right time can lead to huge profits.
When we visited some countries which were still in economic development, citizens gathered around us just to look at my smart phone and showed amazement.
The country was undergoing a lot ofeconomic development and it was really cool to see because a few years ago their economy was bad.
Hope it helps you :)
tanu23081:
wc mark as brainlist
Answered by
56
economic development can be referred as the growth in the economy of a region or country
i simplified the answer much for easy understanding enjoy!
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