Economic development it is the growth of standard of living of nations from a poor economy to a high-income economy. When the local quality of life is improved, there is more economic development. When social scientists study economic development, they look at a lot of things.

The project has so far awarded contract for construction of tunnel and initiated works related to social development and environment protection. country. It was able to meet 99 per cent of the physical as well as financial targets.

National projects are organized if the project benefits the majority of people in the country and represents the national identity. National level projects require more resources and investment as compared to the regional and local level projects.

Economic growth means an increase in real national income / national output. Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care.

Two basis for measuring development of a country are : i) Average Income or per capita income. ii) National Income or Public facility.

1 Answer. Economic development means the rate of production is greater than the rate of increase in population and the rate of growth of GDP is high enough to fulfil the basic needs of the population. Two bases of measuring development of a country are: (i) Average or per capita income.

Per capita income

So, the common development goals include education, ensuring social security and other minor goals such as medical facilities, job opportunities, etc. Nation’s development lies in an individual’s development. So that the equality of providing services plays a major role.

Explanation: The most important goal in life is to lead a healthy life and keeping your body fit, because health is the only thing that you can not buy with money.