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What is economic developement |
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Answer» Economic development is the adoption of new technologies, transition from agriculture-based to industry-based economy, and general improvement in living standards.Indicators to measure development of a country:Gross Domestic Products per capita (the total value of goods and services produced within a country divided by the toal population).Gross Net Product (is the market value of all the products and services produced within a country)Human Development Index is a way to measure well being within a country.( It is a social measurement which consider literacy rate, infant mortality, health etc. It is a development in which it reduces the poverty and economic inequality |
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