DEFINITION OF ECONOMIC DEVELOPMENT | Economic Development | Economic development vs Economic Growth
DEFINITION OF ECONOMIC DEVELOPMENT Kindle Berger said that, Economic Development means improvements in material welfare, especially for persons with the lowest incomes, the eradication of mass poverty, literacy, disease and early death, changes in the composition of inputs and outputs that generally, include shifts in the underlying structure of production away from agricultural activities towards industrial activities, the organization of economy in such a way that productive employment is common among the working age population instead of a fortunate smaller and the correspondingly larger participation of generally grounded groups in forming choices or results about the paths , economic and other way round , in which they should proceed to progress their wellbeing . Professor Adelman said that, Economic development is a sustained improvement in the well-being, which may be considered to be reflected in an increasing flow of goods and services. Professor Meier and ...