Prof. Meier and Baldwin defined as a process whereby an economy's real national income increases over time.

social development

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economic development

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underdevelopment

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human development

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Solution

The correct option is B economic development
Prof. Meier and Baldwin defined economic development as a process whereby an economy’s real national income increases over a long period of time. However, this definition applies only to long-term trends.

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Similar questions

Who defined economic development to be a process whereby an economy’s real national income increases over a long period of time?

Increase in national income implies increase in the flow of goods and services in the economy.

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