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.
Economic development refers to the enhancement in GDP and several other factors such as the improvement in average earnings of the people in a nation. Whenever a countryâs GDP increases, it means that economic development has occurred, which is very beneficial to that country and its people. Further below are benefits of economic development. 1. Increases employment rate. Economic development leads to high employment rate. When businesses and firms produce more products, their internal need for people increases gradually and thus they are forced to hire more people.