Define the term economic development

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Define the term economic development

Posted by Mihir Singh 8 years ago

CBSE > Class 10 > Social Science

1 answers

Gursher Guraya 8 years ago

It is the process by which a nation improves the economic, political, and social well-being of its people. ★ The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. ★The concept, however, has been in existence in the West for centuries. ★ Modernization,Westernization, and especially Industrialization are other terms people have used while discussing economic development. ★ Economic development has a direct relationship with the environment and environmental issues. HOPE IT HELPSS U!!!!

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