buoyancy development
———– ———–
expansion resilience
strength burgeoning
growth improvement
mushrooming progress
industrial development automation
———————- —————
development economic growth
industrialization mass production
mechanisationUK mechanizationUS
progress social change
Subsequently, What is development as economic growth?
Economic growth means an increase in real national income / national output. Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care. … Higher real GDP enables more to be spent on health care and education.
Also, What refers to economic development?
Economic development is the process by which emerging economies become advanced economies. … Put simply; economic development is all about improving living standards. ‘Improved living standards’ refers to higher levels of education and literacy, workers’ income, health, and lifespans.
What is the synonym of developed?
Synonyms. grow formulate get change explicate acquire evolve produce.
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What is the antonym of developed?
developed, highly-developed(adj) (used of societies) having high industrial development. “developed countries” Antonyms: rudimentary, unimproved, vestigial, undeveloped, nonindustrial, budding.
What is the meaning of development in economics?
Development is basically an economic concept that has positive connotations; it involves the application of certain economic and technical measures to utilize available resources to instigate economic growth and improve people’s quality of life.
What is economic development and its type?
Economic development is the process of improving the quality of life of a nation, region or community. This typically involves objectives such as social well-being, economic growth and sustainability. The following are common types of economic development.
What are the synonyms of development?
– advancement.
– evolution.
– expansion.
– improvement.
– increase.
– progress.
– maturity.
– unfolding.
What is the meaning of development in economics class 10?
(i) Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc. Features. (a) Different persons have different developmental goals. (b) Income is a major component of development.
What are the three elements of economic development?
A good economic development program will use all the resources within a community: economic, cultural and social.
What is economics and its types?
Two major types of economics are microeconomics, which focuses on the behavior of individual consumers and producers, and macroeconomics, which examine overall economies on a regional, national, or international scale. … Capitalism, socialism, and communism are types of economic systems.
What is another name for economic growth?
buoyancy development
———– ———–
expansion resilience
strength burgeoning
growth improvement
mushrooming progress
What is development simple words?
However, in the simplest terms, development can be defined as bringing about social change that allows people to achieve their human potential. … Another important point is that development is a process rather than an outcome: it is dynamic in that it involves a change from one state or condition to another.
What is included in economic development?
In its broadest sense, policies of economic development encompass two major areas: Governments undertaking to meet broad economic objectives such as price stability, high employment, and sustainable growth. Such efforts include monetary and fiscal policies, regulation of financial institutions, trade, and tax policies.
What is development and growth?
Physical growth is an increase in size. Development is growth in function and capability. Both processes highly depend on genetic, nutritional, and environmental factors. As children develop physiologically and emotionally, it is useful to define certain age-based groups.
What are the 4 elements of economic development?
– The Work Must be Urgent, Visible and Iterative. …
– There Must be an Intentionality as to Race and Inclusiveness. …
– Efforts Must be Networked and Evolving with High Capacity Institutions. …
– A Diverse and Skilled Workforce Must be Built for the Actual Employers.
What is the basic definition of economics?
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
What are the types of economic development?
– Infrastructure. Foundational services that improve the efficiency of an economy such as an internet backbone.
– Education. …
– Health & Wellness. …
– Justice. …
– Safety. …
– Human Rights. …
– Consumer Protection. …
– Fair Competition.
What is growth and development definition?
Growth is defined as an irreversible constant increase in the size of an organ or even an individual cell. … Growth refers to the increase in mass and size of a body. Development is the process where a particular organism, not only grows physically but acquires mental and physiological growth as well.
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