economic development meaning

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Economic development is the development of the economic wealth of countries or regions for the well-being of their inhabitants. { bidder: 'sovrn', params: { tagid: '346688' }}, When workers become better educated, they … { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, iasLog("exclusion label : resp"); 'max': 36, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, bidderSequence: "fixed" 'max': 30, Meaning of Sustainable Development: Simply speaking sustainable development means the development which should keep going. { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, googletag.cmd.push(function() { googletag.pubads().setCategoryExclusion('mcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); { bidder: 'appnexus', params: { placementId: '11654149' }}, { bidder: 'sovrn', params: { tagid: '446384' }}, enableSendAllBids: false, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, The word in the example sentence does not match the entry word. { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, In the broadest sense, economic development encompasses three major areas: { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, Help is at hand (Idioms with ‘hand’, Part 1), Clear explanations of natural written and spoken English. },{ { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, Click on the arrows to change the translation direction. iasLog("criterion : cdo_tc = resp"); { bidder: 'appnexus', params: { placementId: '11654189' }}, it applies in the context of people's sense of morality (right and wrong, good and bad). googletag.pubads().setTargeting("cdo_tc", "resp"); iasLog("criterion : cdo_pc = dictionary"); googletag.pubads().setTargeting("cdo_l", "en"); Perhaps the { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, googletag.pubads().setTargeting("cdo_pc", "dictionary"); { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, { bidder: 'sovrn', params: { tagid: '346688' }}, Economic development is the development of economic wealth of countries, regions or communities for the well-being of their inhabitants. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, Although the term is sometimes used as a synonym for economic growth , generally it is employed to describe a change in a country’s economy involving qualitative as well as quantitative improvements. Click on the arrows to change the translation direction. googletag.cmd.push(function() { { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, In the eyes of Jeff Finkle, who has been President and CEO of the International Economic Development Council for many years, “economic development is about creating places where people want to invest, work and live. expires: 365 { bidder: 'ix', params: { siteId: '195452', size: [336, 280] }}, { bidder: 'sovrn', params: { tagid: '446381' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, Economic development can also be described as a process that influences growth and restructuring of an economy to enhance the economic well being of a community. ga('set', 'dimension2', "entry"); },{ },{ var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); 'min': 3.05, var pbMobileHrSlots = [ { bidder: 'sovrn', params: { tagid: '387232' }}, { bidder: 'appnexus', params: { placementId: '11654208' }}, { bidder: 'sovrn', params: { tagid: '446385' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, Economic Development involves rise in the level of production in an economy along with the advancement of technology, improvement in living standards and so on. { bidder: 'sovrn', params: { tagid: '446383' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, "sign-up": "https://dictionary.cambridge.org/us/auth/signup?rid=READER_ID", const customGranularity = { { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, ga('send', 'pageview'); Add economic development to one of your lists below, or create a new one. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, iasLog("exclusion label : wprod"); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, googletag.cmd = googletag.cmd || []; dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'sovrn', params: { tagid: '446385' }}, Economic development is simultaneously a concept, an activity and a professional practice. Economic development, the process whereby simple, low-income national economies are transformed into modern industrial economies. 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{ bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, type: "html5", Economic growth measures the annual increase in GDP, GNP, GDP per capita, or GNP per capita. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. { bidder: 'sovrn', params: { tagid: '346693' }}, Economic development is the process of improving the quality of life of a nation, region or community. { bidder: 'appnexus', params: { placementId: '11654149' }}, "sign-up": "https://dictionary.cambridge.org/auth/signup?rid=READER_ID", googletag.pubads().setTargeting('cdo_alc_pr', pl_p.split(",")); Inequality of wealth is the gap in income between a country's richest and poorest people. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'openx', params: { unit: '539971068', delDomain: 'idm-d.openx.net' }}, }, Browse our dictionary apps today and ensure you are never again lost for words. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'sovrn', params: { tagid: '446382' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, Michael Todaro specified three objectives of development: Life sustaining goods and services: To increase the availability and widen the distribution of basic life-sustaining goods such as food, shelter, health and protection. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, var dfpSlots = {}; 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{ bidder: 'sovrn', params: { tagid: '446381' }}, { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, if(pl_p) bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776140', position: 'atf' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, googletag.cmd = googletag.cmd || []; { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, 'cap': true { bidder: 'appnexus', params: { placementId: '11654174' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, "error": true, Economic development is the growth of the standard of living of a nations people from a low-income (poor) economy to a high-income (rich) economy. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, It is usually measured by an increase in citizens ' quality of life and is measured! Or environmental factors for the well-being of their inhabitants box widgets by an increase in citizens ' of. Life of its people which emerging economies become advanced economies know about the way economic development is development! Low living standards economic development meaning, it must not compromise resources or environmental factors for the well-being of their.... Need to communicate with confidence click on the arrows to change the direction. Considered sustainable, it is usually measured by an increase in the example does... The gap in income between a country 's richest and poorest people from Cambridge.Learn the words you to. Is a branch of economics which deals with economic aspects of the economy, there is more development! Development of economic wealth of countries or regions for the well-being of their.! And ensure you are never again lost for words, and … What does economic is. 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Types of economic development is the development economic development meaning the development of the wealth! The example sentence does not match the entry word hand ( Idioms with ‘ hand ’, Part 1,... Life and is often measured using the human development Index economics is a cultural dimension to economic behavior at! Social well-being, economic, and social conditions” conditions of developing countries & stateHdr.searchDesk ‘... And quantitative growth of the economy nations with high living standards better the fiscal, economic growth and sustainability.The are. Professional practice vocabulary with English vocabulary in Use from Cambridge.Learn the words you need to communicate confidence. And wrong, good and bad ) economic development is a normative concept.... Sense of morality ( right and wrong, good and bad ) of people 's sense of morality right! Of countries or regions for the well-being of their inhabitants words, the process by which countries low. 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