What is economic development?
Understand the Problem
The question is asking for an explanation or definition of economic development. Economic development generally refers to the process through which the overall economic well-being and quality of life in a specific area, such as a country or region, improve over time. This could include aspects such as income growth, employment rate, and access to essential services.
Answer
Programs, policies, or activities to improve community economic well-being and quality of life.
Economic development refers to programs, policies, or activities aimed at improving the economic well-being and quality of life for a community.
Answer for screen readers
Economic development refers to programs, policies, or activities aimed at improving the economic well-being and quality of life for a community.
More Information
Economic development involves various initiatives to enhance the quality of life and economic status of communities by expanding resources and improving economic performance.
Sources
- Economic Development Basics - CALED - caled.org
- Economic Development - Wikipedia - en.wikipedia.org
- U.S. Economic Development Administration - eda.gov
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