Question

what is meant by economic development?write its two basic of measuring economic development of a country?

please give fast

Answer 1

increasing in per capita income and standard of living is known as economic development

Answer 2

Economic development means that the rate of production must be faster than the rate of increase in population. In other words, it is a process which makes people in general, better off by increasing their command over goods and services and by increasing the choices open to them.
Two bases of measuring economic development of a country are -
National Income and Per Capita Income.