Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community. What “Economic Development” means to you will depend on the community you live in. Each community has its own opportunities, challenges, and priorities.
Economic development also defined as it is the growth of standard of living of nations from a poor economy to a high-income economy.
An example of economic development is when a country begins to produce more products and increase its overall wealth.
Leave a Reply