Although the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a country’s economy involving qualitative as well as quantitative …

Put simply; economic development is all about improving living standards. ‘Improved living standards’ refers to higher levels of education and literacy, workers’ income, health, and …

Dec 23, 2024 · What is Economic Development? Economic development is a process through which the overall education, well-being, health, income and living standards of the general …

Economic development is the process by which a country or nation progresses from a low-income economy to a thriving modern industrial economy. It is broader than economic growth and …

In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an …

Sep 8, 2024 · Economic development refers to the process through which a region, country, or community improves the well-being of its citizens through targeted objectives such as …

ECONOMIC DEVELOPMENT meaning: the process in which an economy grows or changes and becomes more advanced, especially when both…. Learn more.

Economic development can be defined as the capacity that countries or regions have to produce and obtain wealth. Development is linked to livelihood and economic expansion in a way that …

Jan 22, 2025 · Economic development refers to an economy’s progress in terms of quality. It’s not just about economic growth. It also talks about a country’s multidimensional aspects, such as …

May 3, 2024 · Economist C.P. Kindleberger defined economic development as a sustained increase in per capita income accompanied by structural changes in the economy and …