ECONOMIC DEVELOPMENT
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Paper Outline
- Introduction
- Body
- Conclusion
- References
This paper is about economic development in a country and discusses issues such as types of economy and factors affecting economic development.
- History of the concept of economy- This part contains a brief history of economy
- Types of economy- This part explains some types of economy
- Why an economy is important- This part discusses the importance of an economy
- Emerging issues in economic development- This part discusses the various emerging issues in economic development
- Factors affecting economic development in a country– This section discusses the factors influencing economic development in a country
- The role of government in economic development- This part discusses the role of government in economic development
- Economic development Vs. Economic growth- This part compares and contrasts between economic growth and economic development
- Theories of economic development- This part discusses the theories of economic development
- Stages of economic development- This section discusses the stages of economic development
- Factors of economic development- This part discusses factors of economic development
- Examples of economic development- This section contains some examples of economic development
- Relationship between economic and social development– This part explains the relationship between economic and social development
- Gross Domestic Product and Economic Development- This section discusses the relationship between GDP and economic development
This section concludes the paper by summarizing its contents
This part contains the sources cited
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Answer preview
Economic development is a process that a local community, country, or region undergoes in a specific duration of time to improve the overall economic well-being of its citizens and adequately utilize resources available. Economic development is sometimes referred to as modernization, industrialization, or westernization. For a country or a region to experience positive economic development, financial, physical, human, and social assets have to be effectively created and utilized to generate and equally share economic well-being and improved the quality of life (Van den Berg, 2016). The emerging issues, factors affecting, and government’s role in economic development, among others, are among the issues discussed.
History, Types, and Importance of the Economy
The origin of economic…
(1500 words)