Inherent in the concept of economic development is the belief that developing the economy of a state or community enhances the quality of life for its citizens and generates more revenues for the government.

Question

Quizplus · Accepted Answer

Economic development aims to improve 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, in turn, leads to more revenues for the government and enhances the quality of life for its citizens through better services and infrastructure.

Inherent in the Concept of Economic Development Is the Belief