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ECONOMIC DEVELOPMENT
ECONOMIC DEVELOPMENT IS ALWAYS IDENTIFIED
WITH AN INCREASE IN SOCIETY'S PER CAPITA, THIS IS
ALSO CALLED FUNDAMENTAL CHANGE OR
FUNDAMENTAL CHANGE.
-ECONOMIC OF DEVELOPMENT), NAMELY EFFORTS TO
IMPROVE THE STANDARD OF LIVING OF A NATION
BASED ON REAL PER CAPITA INCOME.
-ECONOMIC DEVELOPMENT IS A PROCESS OR
SITUATION WHERE A TRANSITION OCCURS FROM A
SIMPLE TO A MORE ADVANCED LEVEL.
-ECONOMIC DEVELOPMENT, VISIBLE CHANGE, IS A
MULTIDIMENSIONAL PROCESS WHICH MUST
ENCOMPASS COMMUNITY ATTITUDES, SOCIAL
STRUCTURES, AND EVEN NATIONAL INSTITUTIONS.
-ECONOMIC DEVELOPMENT STIMULATES OR
STIMULATES AN INCREASE IN NATIONAL INCOME AND
PER CAPITA INCOME AS A FORM OF ECONOMIC
GROWTH.
-ECONOMIC DEVELOPMENT IS ALWAYS A PROCESS
THAT CAN INCREASE ECONOMIC GROWTH.