Introduction: Many development barriers are both of cause and consequence of poverty such circular relationship perpetual the low level of development including capital deficiency and market imperfection as characteristics of poor countries. The circle emphasizes
Introduction: Economic development refers to a process of expansion which leads to higher level of per capita real income. Economic development is the precondition of growth in fact economic development is a process whereby an
Introduction: Economic growth and economic development are both terms used in economics to describe progress in a nation’s economy, but they have different meanings and implications. The difference between economic growth and economic development are:
