thumb In the economics study of the public sector, economic and social development is the process by which the economic well-being, standard of living and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.
thumb In the economics study of the public sector, economic and social development is the process by which the econom:ic well-be?ing, standard of living and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.