Economic development
What Economic development means in Economics A-Level, as defined for AQA, Pearson Edexcel.
Definitions of Economic development
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Reference: AQA
A broader, qualitative concept encompassing improvements in living standards, well-being and human capital, including structural changes, poverty reduction, improved healthcare and better education.
Broader improvements in living standards and human welfare, distinct from growth as an increase in real GDP.
A broad measure of welfare in a nation that includes indicators of health, education, and living standards.
Topics that use Economic development
- Economic growth and development (AQA A-Level)
- Emerging and developing economies (Pearson Edexcel A-Level)
Related terms
- Human Development Index (HDI)
- Primary product dependency
- Savings gap
- Economic growth
- Foreign aid
- Foreign direct investment
- Globalisation
- Human capital
Using Economic development in the exam
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