Sources and Consequences of Economic Growth and Development
An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic development ideally refers to the sustained, concerted actions of communities and policymakers that improve the standard of living and economic health of a specific locality.
Sources of economic growth and development are :
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Consequences of economic growth are:
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Sources of economic development:
- Improved levels of health
- Education
- Improved levels of health
- Health care
- Infrastructure