what do we mean by economic development

Asked by madhav aggarwal | 30th Jan, 2011, 12:00: AM

Expert Answer:

Dear student,
It is the qualitative change and restructuring in a country's economy in connection with technological and social progress. So in economic development, there is increase in the amount of people in a nation's population with sustained growth from a simple, low-income economy to a modern, high-income economy.
Regards, TEam Topperlearning

Answered by  | 1st Feb, 2011, 07:10: AM

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