what is economics development and economics growth ?
Answers
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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Question:-
what is economics development and economics growth ?
Answer:
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
Explanation:
Economic growth implies a process of increase in real national income and real. per capita income. Economic development is defined as a sustained improvement in material well being of society.
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