+3 votes
in Class 11 by kratos

What is meant by economic development? Write two basis of measuring economic development of a country.

1 Answer

+2 votes
by kratos
 
Best answer

Economic development is a sustained increase in real per capita income that promotes economic ** by reducing **, unemployment and inequalities in distribution of income. The two basis of measuring economic development are:

(a) Quality of life and environmental sustainability

(b) Per capita income.

...