Economic development refers to sustained efforts aimed at improving the economic well-being and quality of life for individuals within a society or country.
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A measure of the total value of goods and services produced within a country's borders over a specific time period. It is often used as an indicator of economic development.
A composite index that measures factors such as life expectancy, education level, and income per capita to assess overall societal well-being beyond just economic indicators.
Investments made by individuals or companies from one country into another country's businesses or infrastructure with the aim of promoting economic development.