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Subjects: LCSH: Economic development. | Developing countries—Economic policy. Classification: LCC HD82 .T552 2020 | DDC 338.9009172/4—dc23 LC record available at https://lccn.loc.gov/2019035607
This author draws on their concepts and frameworks to define economic growth and economic development more clearly and to suggest face-valid measures of these concepts. -from Author Discover...
PDF | On Sep 19, 2020, Prabha Panth published Economic Development: Definition, Scope, and Measurement | Find, read and cite all the research you need on ResearchGate.
Economic development is regarded as important for a country to reduce its poverty by providing more employment, higher incomes, improved goods and services, and latest technologies of production.
Specifically, the article highlights for each of the identified themes and types of improvements how economic development is defined and measured.
With its focus on understanding how resource allocation, human behavior, institutional arrangements and private and public policy jointly influence the evolution of the human condition, development economics is arguably the original and most fundamental field within the discipline of economics, at least ...
Economic development occurs when pov erty, unemployment and inequality are reduced while income per capita increases. Jan Drewnowski and others under UN auspices developed direct measures of consumption to substitute for income measures.