Economic development is characterized by which of the following?

Structural change in the economy

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Change in the occupational structure

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Both A and B

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None of the above

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Solution

The correct option is C Both A and B
Economic development: defined as efforts that seek to improve the economicwell-being and quality of life for a community. It is a qualitative and quantitative measure. It is characterized by Structural change in the economy and Change in the occupational structure.

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