
Why Economic Development is Important
Economic development essentially refers to the policies, activities or programs in a developing economy that seek to improve the economic...
Rapid economic development of a developing nation means endless opportunities for business and growth.
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Economic development is the expansion of national capital stock primarily by modernizing all economic activities using technology.
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Whereas economic growth means change in GDP over a time period, economic development is the expansion of national capital stock primarily by modernizing all economic activities using technology.
Economic development is when a low-income per capita nation undergoes a process of gradual accumulation and growth of national capital over a time-span, primarily by modernizing all economic activities using technology
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Economic development is when a low-income per capita nation undergoes a process of gradual accumulation and growth of national capital over a time-span, primarily by modernizing all economic activities using technology
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Director at Blackridge Research & Consulting
Shivaji Lokam is a twenty-nine-year-old Indian Engineer, Entrepreneur, and Author. He obtained Bachelors in Electrical Engineering from National Institute of Technology Karnataka in 2013 and an MBA from Sydney Business School in 2014.
His previous book was The Fall of Western Civilization, published in 2018. He lives in Hyderabad, India.
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