_____________,as commonly defined today,tends to mean rapid economic growth and increases in consumer demand.

Question

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Economic development is commonly defined as the sustained, long-term increase in real GDP, accompanied by increases in income, consumption, and production. It is often associated with rapid economic growth and increased levels of consumer demand. Market development refers to expanding the customer base for a product or service. Supply development refers to the expansion of the availability and accessibility of goods and services. Export and import development refer specifically to the growth of international trade. None of these definitions encompass the full scope of economic development as it is commonly understood.

_____________,As Commonly Defined Today,tends to Mean Rapid Economic Growth and Increases