what is economic development and ecomic growth
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Economic development, on the other hand, is a broader term. It indicates an increase in citizens' quality of life and is often measured using the HumanDevelopment Index. This index considers intrinsic personal factors not considered ineconomic growth, such as literacy rates, life expectancy and poverty rates.
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In the economic study of the public sector , 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.
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