Economic Development (general concept)

Economic development refers to the process by which a country's or region's economy improves over time, leading to better living standards and increased prosperity. It involves factors like higher income levels, expanded job opportunities, improved infrastructure, and access to education and healthcare. Essentially, it’s about creating conditions that help more people enjoy a higher quality of life through sustainable growth and economic stability. Development isn't just about wealth; it also includes social progress and ensuring that growth benefits everyone in society.