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*Q. 2. Explain any two definitions ofeconomic development. |
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Answer» Economic development 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. Progress in an economy or the qualitative measure of this. Economic development usually refers to the adoption of new technologies, transition from agriculture based to industry based economy and general improvement in living standards. |
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