Economy, asked by ayushkujur42, 12 days ago

what is mean by economic development what are the basis to mejocering economic development of a country?

Answers

Answered by NiyatiKartik

Explanation:

Economic development means the rate of production is greater than the rate of increase in population and the rate of growth of GDP is high enough to fulfil the basic needs of the population. Two bases of measuring development of a country are: (i) Average or per capita income.

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