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Multiple Choice Questions

Which of the following explains the term economic development ........

Economic and social issues (RBI) Growth and development

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Which of the following explains the term economic development?

Improvement in the technology involved

Improvement in production

Improvement in distribution system

All of the above

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Explanation:

Economic development is a wider concept than growth. There are various parameters used to define and measure it. In the economic study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives

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