river (rivers plural) A river is a large amount of fresh water flowing continuously in a long line across the land. n-count oft in names before n ...a chemical works on the banks of the river., ...boating on the River Danube.
Definition. Progress in an economy, or the qualitative measure of this. Economic development usually refers to the adoption of new technologies, transition from agriculture-based to industry-based economy, and general improvement in living standards.hen the country is in a state of economic development putting out the right product at the right time can lead to huge profits. 5 people found this helpful. When we visited some countries which were still in economic development, citizens gathered around us just to look at my smart phone and showed amazement.
Implications. Economic development implies an upward movement of the entire social system in terms of income, savings and investment along with progressive changes in socioeconomic structure of country (institutional and technological changes).conomic development is more relevant to measure progress and quality of life in developing nations. Economic growth is a more relevant metric for progress in developed countries. But it's widely used in all countries because growth is a necessary condition for development.