Readers and viewers must know the basic concepts and principles set out in economic development. After this, will be economic issues and development strategies that is implemented in this article. The next part is development policies and programs that has to do with monetary and fiscal policies in. It will be discovered as a procedure for an economic planning towards developmental model. Last but not the least, will be the most important issues in economic development.
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According to Fajardo in his book, 'Economic Development defines as a progressive process of improving human conditions such as reduction or removal of poverty, unemployment, illiteracy, inequality, disease and exploitations. To understand this meaning carefully, it is an interaction of different factors'. The example of this is investing a rice harvest per hectare in your designated ranch, there are a number of inputs that are combined like fertilizers, irrigation, technology, insecticides, and many other aspects related to this example.
This development is depending on the classifications of countries or what categories do they belong? The categories will be either highly developed countries, intermediate countries, or they belong to less developed countries.
This development will also give information and during the same time enumerated some countries from different continents that gives economic status of how they performed in their gross domestic product and gross domestic product.
After I end this composition of this article, this is just only the start of my content in writing the economic development.