::Economic development
::concepts
Economic::growth Economic::people Other::social Business::state Human::their Health::income
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Economic development is a term that economists, politicians,
and others have used frequently in the 20th century. The concept, however, has
been in existence in the West for centuries. Modernization, Westernization, and especially industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment.
Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP. Consequently, as economist Amartya Sen points out, "economic growth is one aspect of the process of economic development".
Economic development sections
Intro Type History Goals Regional policy Development indicators and indices Community competition See also References Further reading
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