define in details the concept of …
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Yogita Ingle 5 years, 2 months ago
Economic development refers to the process by which the overall health, well-being, and academic level of the general population of a nation improves. It also means improved production volume due to the advancements of technology.
It is the qualitative improvement in the life of citizens of a country and is most appropriately determined by the Human Development Index (HDI). The overall development of a country is based on many parameters such as the creation of job opportunities, technological advancements, standard of living, living conditions, per capita income, quality of life, improvement in self-esteem needs, GDP, industrial and infrastructural development, etc.
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