Sustained increase in the economic standard of living of a country's population, normally accomplished by increasing its stocks of physical and human capital and improving its technology.
The deliberate effort to improve the economy of a specified geographic area, which can be as large as an entire nation or as limited as a city neighbourhood.
Improvement of living standards by economic growth. Compare economic growth, environmentally sustainable economic development.
Although frequently equated with economic growth and measured by indicators such as income levels or jobs, economic development is more than simple growth. It implies a change in the structure or character of the economy; a qualitative shift in resource use, labor force skills, production methods, marketing techniques, income distribution, and financial capital arrangements.
"is the sustained, progressive attempt to attain individual and group interests through expanded, intensified and adjusted use of available resources." (Shaffer)
a major branch of any comprehensive development
improvements in the efficiency of resource use so the same or greater output of goods and services is produced with smaller throughputs of natural, manufactured and human capital.
Economic Growth Economic Strategies Economic Zones Ecosystems
efforts to increase wealth creation and employment opportunities by encouraging new businesses to relocate in an area or existing businesses to expand.
A rise in real income per person; usually associated with new technology that increases productivity or resources.
The improvement of an areaÕs employment, production or industrial well being. The availability of public transit can play an important role in economic development.
Raising the productive capacities of societies, in terms of their technologies (more efficient tools and machines), technical cultures (knowledge of nature, research and capacity to develop improved technologies), and the physical technical and organisational capacities and skills of those engaged in production. This can also be expressed in terms of raising the productivity of labour, using the labour available to society in more productive and efficient ways to produce a greater quantity and a more diverse range of goods and services.
Economic development occurs as more and more households and firms within a country are engaged in ever-higher levels of production and consumption. Based on greater control of the environment and resources, more (and more complex) goods are produced and exchanged, and the GHNP gets larger relative to the number of people sharing in the market.
Qualitative change and restructuring in a country's economy in connection with technological and social progress. The main indicator of economic development is increasing GNP per capita (or GDP per capita), reflecting an increase in the economic productivity and average material wellbeing of a country's population. Economic development is closely linked with economic growth.
the generating of wealth through the development of industry.
Developing the economy of a region or country, eg expanding economic activities, improving work skills, creating jobs.
The process of improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities. It is also sometimes defined to include better education, improved health and nutrition, conservation of natural resources, a cleaner environment, and a richer cultural life.
The broad measure of welfare in a nation and involves improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities. (See HDI)
is any effort or undertaking which aids in the growth of the economy.
Economic development is a sustainable increase in living standards that implies increased per capita income, better education and health as well as environmental protection.
