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Economic Development: Definition, Challenges and Strategies source envato. According to Wikipeia , Economic development is an important aspect of a country’s development. In an era of increasingly rapid globalization, economic development is the Australia WhatsApp Number Data main factor that drives the growth and progress of a nation. In this article, we will discuss further about economic development, the challenges it faces, and the efforts that can be taken to achieve sustainable and inclusive economic development. Table of Contents Hide Understanding Economic.
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Development Challenges in Developing an Economy Strategies for Achieving Sustainable Economic Development Closing Understanding Economic Development Understanding Economic Development illustration of economic development. source envato Economic Australia Phone Number List development is a process that involves change and growth in the economic sector of a country or region with the aim of increasing the welfare and prosperity of society. More specifically, economic development involves efforts to increase the production of goods and services, create jobs, increase per capita income, reuce poverty, and improve the general standard of living of society.