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Bookmark or Share- Economic development | Definition, Examples, Programs, Importance ...economic development, the process whereby simple, low-income national economies are transformed into modern industrial economies. 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 improvements. The theory of ...
- U.S. Economic Development AdministrationTo lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
- Economic Development: Definition, Scope, and MeasurementBroadly, economic development is taken to be the structural transformation of an economy by introducing more mechanized and updated technologies to increase labor productivity, employment, incomes, and standard of living of the population.
- What is economic development? Definition and examplesEconomic Development is the process by which emerging economies become advanced economies. In other words, the process by which countries with low living standards become nations with high living standards.
- Economic development - WikipediaDevelopment and urban studies scholar Karl Seidman summarizes economic development as "a process of creating and utilizing physical, human, financial, and social assets to generate improved and broadly shared economic well-being and quality of life for a community or region". [3] .
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