Social Sciences, asked by tejasking987, 1 year ago

what is meant by economic development? write two basis of measuring it.

Answers

Answered by jiyant

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 developmentof a country are : (i) Average or per capita income.

tejasking987: thanks

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