Developed countries focused on economic development because they realised it to be a tool to avoid ____________.
Developed countries focused on economic development because they realised it to be a tool to avoid ____________.
The correct option is C cyclical fluctuations
Economic development
refers to the development and growth of the economy in all terms which includes
all aspects and has become a main and central theme of economic thought
throughout the years.
The developed
economies deals with other under developed economies. Therefore, these
developed countries demand development of all the poor countries so that these
countries can achieve a higher prosperity. Moreover, these developed countries
have understood that poverty anywhere in the world is a thread to prosperity
everywhere.
Therefore, the developed economies mainly focus on economic development to avoid cyclic fluctuation of their economy.
Economic development
refers to the development and growth of the economy in all terms which includes
all aspects and has become a main and central theme of economic thought
throughout the years.
The developed economies deals with other under developed economies. Therefore, these developed countries demand development of all the poor countries so that these countries can achieve a higher prosperity. Moreover, these developed countries have understood that poverty anywhere in the world is a thread to prosperity everywhere.
Therefore, the developed economies mainly focus on economic development to avoid cyclic fluctuation of their economy.
