Question

What is meant by economic development ? Explain the various goals of development.​​

Answer 1

Explanation:

The goal of economic development

Economic development is defined by Wikipedia as “the process by which a nation improves the economic, political, and social well-being of its people.” Like we said, it's a broad scope. ... This means a focus on innovation, skills and infrastructure, as well as overall economic growth.

The main goal of economic development is improving the economic well being of a community through efforts that entail job creation, job retention, tax base enhancements and quality of life.

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