Sun January 30, 2011 By: Madhav Aggarwal

what do we mean by economic development

Expert Reply
Tue February 01, 2011
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
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