Question

when is meant by economic development​

Answer 1

Answer:

Economic Development is the creation of wealth from which community benefits are realized. It is more than a jobs program, it's an investment in growing your economy and enhancing the prosperity and quality of life for all residents. Economic development means different things to different people.

Answer 2

Explanation:

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$Economic development means the \\ rate of production is greater than the \\ rate of increase in population \\ and the rate of growth of \\ GDP is high enough to fulfil the basic needs of the population. \\ Two bases of measuring development of a country are \\ : (i) Average or per capita income$

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