Question

what is economic development? what are the two bases of measurement economic development​

Answer 1

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YOUR ANSWER IS :-

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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.

Two bases of measuring development of a country are : -

i) Average or per capita income.

(ii) National income and public

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Answer 2

▪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....

▪Two bases of measuring development of a country are :

(i) Average or per capita income.

(ii) National income and public facilities

i hope it helps you ✌☺