Page 2 - Brown and White Doodle Marketing Proposal Report Cover A4 Document
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A.ECONOMIC DEVELOPMENT
1. UNDERSTANDING ECONOMIC
DEVELOPMENT
ECONOMIC DEVELOPMENT CAN GENERALLY
BE DEFINED AS A PROCESS THAT CAUSES AN
INCREASE IN THE REAL INCOME PER CAPITA OF A
COUNTRY'S POPULATION IN THE LONG TERM,
ACCOMPANIED BY IMPROVEMENTS IN THE
INSTITUTIONAL SYSTEM.
FROM THE DEFINITION ABOVE, IT CAN BE
CONCLUDED THAT ECONOMIC DEVELOPMENT
HAS THE FOLLOWING MAIN ELEMENTS AND
CHARACTERISTICS:
A PROCESS WHICH MEANS CHANGES THAT
OCCUR CONTINUOUSLY
EFFORTS TO INCREASE PER CAPITA INCOME;
THE INCREASE IN PER CAPITA INCOME MUST
CONTINUE IN THE LONG TERM;
IMPROVING INSTITUTIONAL SYSTEMS IN ALL
FIELDS (FOR EXAMPLE ECONOMIC, POLITICAL,
LEGAL, SOCIAL AND CULTURAL).
