GENERAL KNOWLEDGE

Detailed explanation-1: -Economic development implies economic growth plus progressive changes in certain important variables which determine the well-being of the people, e.g: health, education.

Detailed explanation-2: -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.

Detailed explanation-3: -● Economic growth implies a process of increase in real national income and real. per capita income. ● Economic development is defined as a sustained improvement in material well being of society.

Detailed explanation-4: -Development is a process that ensures good quality of life to all the people in terms of happiness, harmony and satisfaction of essential needs. It is related to improvement, progress and aspirations of people. This definition of development would benefit all the sections of society as it shows the basic need approach.