economic development


The advancement of a nation or society according to several economic factors. Economic development generally includes such trends as technological innovation, improvements in the standard of living and life expectancy, and increases in the amount of invested assets per capita.

Use this term in a sentence

There was a lot of economic development going on in that area of the world and it made us all very happy to see.

​ Was this Helpful? YES  NO 11 people found this helpful.

After world war 2, Japan was able to speed up their economic development because of their commitment to technology and innovation.

​ Was this Helpful? YES  NO 3 people found this helpful.

The economic development of the nation was helped by the technological breakthrough by the university scientists who developed the new drug.

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
export promotion sustainable development