Economic development encompasses which of the following measures?
A) Distribution of income.
B) Legal system.
C) Transportation structures.
D) All of these.

Question

Quizplus · Accepted Answer

Economic development encompasses all of these measures. Distribution of income is crucial to ensuring that economic growth benefits a wide range of people rather than just a select few. A reliable legal system is necessary to safeguard property rights and enforce contracts, which in turn encourage investment and innovation. Transportation structures enable businesses to move goods and people more efficiently, which can boost economic activity. Therefore, all of these measures are important for long-term and sustainable economic development.

Economic Development Encompasses Which of the Following Measures