what is mean by economic development write two basis of measuring economic development of a country
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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.
it is measured through
(i) Average or per capita income. (ii) National income and public facilities.
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