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ECONOMIC DEVELOPMENT

1. UNDERSTANDING ECONOMIC DEVELOPMENT

Definition of economic development according to experts:

a. Sadono Sukirno, (1996)

Economic development is a process that causes the real per

capita income of the population of a society to increase in the

long term.

b. Arsyad Collin (1999)

Economic development is 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.

2. INDICATORS OF ECONOMIC DEVELOPMENT SUCCESS

a. Urbanization

Understanding urbanizationis the movement of people from

villages to cities. Why is urbanization said to be an indicator of

economic development.

b. Income per capita

c. Economic Structure

Economic development is related to economic structure

asindicator of the success of economic development.

d. Savings Figures

e. Quality of Life Index

f. Education