Development Economics

Posted in Finance, Accounting and Economics Terms, Total Reads: 315
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Definition: Development Economics

Development Economics is the branch of economics which study about the factors that affect the development growth of developing countries.


Different countries vary in their economic growth, in their economic conditions. One country has been poor for a long period of time. Another country is making strides in its economic growth. Development Economics tries to analyse the situations behind this varied growth in different developing countries.


Consequently Development Economics mainly focuses on promoting economic growth of low-income countries and also on promoting structural changes to increase the potential of the people by improving health, education and workplace conditions.

 

It covers various aspects like medical and healthcare, education, basic infrastructure, roads, rails, connectivity etc.


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