economic development
Economic development refers to the sustained improvement and growth of a country's economy, evidenced by increased production, income, and overall well-being of its people, aimed at reducing poverty and achieving higher standards of living.
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Related Concepts (9)
Similar Concepts
- business development
- economic advancement
- economic competitiveness
- economic development and entrepreneurship
- economic development goals
- economic development initiatives
- economic development through workforce
- economic emergence
- economic expansion
- economic growth
- economic growth and development
- economic opportunity
- economic recovery
- industry development
- national income and economic development