Economic development is a process by which a community, state, or nation increases its level of per capita income, high-quality jobs, and capital investment.

Question

Quizplus · Accepted Answer

Economic development is indeed the process aimed at improving the economic well-being and quality of life for a community by creating and retaining jobs and supporting or growing incomes and the tax base. This involves increasing levels of per capita income, creating high-quality jobs, and promoting capital investment in the economy.

Economic Development Is a Process by Which a Community, State