Economic development
Example: Economic development in the region accelerated after new policies were implemented.
Definition
"Economic development" refers to the process by which a region or country improves the economic well-being and quality of life of its people, typically through increased income, employment, and the expansion of infrastructure and industry.
Translations
-
desarrollo económico -
economische ontwikkeling -
desenvolupament econòmic -
développement économique -
Wirtschaftsentwicklung
Etymology
The term "economic development" combines 'economic,' which relates to the economy or management of resources, derived from the Greek 'oikos' (house) and 'nomos' (law), and 'development,' from the Old French 'desveloper,' meaning to unwrap or unfold, reflecting the process of growth and progress. Did you know? The concept gained prominence in the mid-20th century as nations focused on improving standards of living.
Learn to use this word actively
"Economic development" appears in the Vocaplus list "English - History - (C1) - set 1", containing 198 commonly used words.
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