what is meant by the term economic development? How is it measured
Answers
Answered by
0
Answer:
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.
may this help you
mark as brainliest
follow me for more answers
Answered by
0
Answer:
The development or growth of an economy is known as economic development.Economic development is measured by average income or per capita income.
Similar questions