economic development
Definition
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.
Recommended Articles from InvestorGuide.com
Investing Tips
Why Indexing Generates the "Right" PriceIndexing a securities portfolio is the logical outgrowth of a belief in the effectiveness of a free market system. Just as prices for steel, oil or lumber quickly reflect new economic developments, so ... Read more
Related Videos
Featured Advertiser
