Economic Development
Economic development refers to the development of the wealth of the economy of countries for the sake of their citizens. Organisations with economic development as their goal seek to improve the economic well-being and quality of life of a community by employing number of strategies and move such as the creation of jobs, additional income and helping increase the tax base. Since the term economic development has other implications, organisations aim to improve certain indicators such as literacy rates, life expectancy, and poverty rates. Meanwhile, economic development takes into account the sociological-type research relating to business organisation as well as enterprise development from a historical and comparative perspective; specific processes of the evolution (growth, modernisation) of markets and management-employee relations, etc.
development of economy. . .