NAME:

AE12- ECONOMIC DEVELOPMENT

Economic development is a process of economic transition involving structural transformation

of an economy through industrialization, raising 1.__________________________________
and 2.____________________________________.

Economic development means increase in 3.___________________.

Economic development must be conceived of as a 4.___________________ process involving

major changes in social structures, people's attitudes, national institutions, acceleration of
economic growth and reduction of inequality

Economic development means an increase in 5.________ of goods and services in the

economy. It is more important than economic growth because economic development is more
6._______________________ process than economic growth. Economic growth is a
7.______________ term as it represents quantitative increase in the production of goods,
services and factors of production, whereas economic development is a 8.____________ terms
as it indicates continuous increase in 9.____________________________ and structural
changes in the 10._________________ of a country.

ENUMERATION:

Measurement of Economic Growth

1
2
3
4

Economic Factors Needed For Economic Development

1
2
3
4
5
6

Non-Economic Factors
1
2
3
4
5

ESSAY
Give the Difference between Economic Development and Growth