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Economic Development

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ECONOMIC DEVELOPMENT

08-27-2020
ECONOMIC DEVELOPMENT – process in a
country which people become wealthier,
healthier etc.
ECONOMIC GROWTH – increase in output;
producing more then what we produced last
year; increase in production; economic growth
last.
ECONOMIC INEQUALITY – not equal in
distribution of income
ECONOMIC POLICIES – outward oriented
economic policies
HUMAN DEVELOPMENT INDICATOR

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