Economic Development And Sustainability Questions
Economic development refers to the sustained and continuous growth of an economy, typically measured by an increase in the production and consumption of goods and services. It involves improving the standard of living, reducing poverty, and increasing employment opportunities for individuals within a society. Economic development encompasses various factors such as increasing productivity, promoting innovation, attracting investments, improving infrastructure, and enhancing human capital through education and skills development. It aims to create a stable and prosperous economy that benefits all members of society and ensures long-term sustainability.