What is Economic Development?
Economic Development is a process by which a nation improves the economic, political and social wellbeing of its people/citizen/populace.
It is the growth in the standard of living of a country’s populace from a low-income country to a high-income country.
Economic Development can also be defined as the development of economic wealth of countries, regions or community for the wellbeing of their inhabitants.
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Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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