ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A process of improvement in the material conditions of people through diffusion of knowledge and technology.
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Development
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Fair Trade
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Industry
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Added Value
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Explanation:
Detailed explanation-1: -In order to analyze the world based on various levels of development, the term development must be defined. Development is the process of improving the material conditions of people through diffusion of knowledge and technology.
Detailed explanation-2: -Also known as a developing country, a country that is at a relatively early stage in the process of economic development. The portion of the economy concerned with the direct extraction of materials from Earth’s surface, generally through agriculture, although sometimes by mining, fishing, and forestry.
Detailed explanation-3: -GDP per capita is the only economic indicator to reliably determine level of development for a country.
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