Economic development encompasses which of the following measures?
A) Economic growth.
B) The political environment.
C) Education.
D) All of the above.

Question

Quizplus · Accepted Answer

Economic development is a multidimensional concept that incorporates various aspects of the economy, society, and environment. Economic growth measures the increase in the financial output of a country, region, or industry. The political environment plays a crucial role in shaping economic development as regulations, policies, and stability affect investments and economic activity. Education, on the other hand, is a critical determinant of a nation's human capital, affecting productivity, innovation, and income distribution, among other factors. Therefore, to achieve sustainable economic development, governments and societies must focus on all three aspects: economic growth, the political environment, and education.

Economic Development Encompasses Which of the Following Measures