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Who defined economic development as a process by which an economy's real national income increases over a long period?
Who defined economic development as a process by which an economy's real national income increases over a long period?
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The correct option is C Meier and Baldwin
Prof. Meier and Baldwin defined economic development as a process by which an economy's real national income increases over a long period. The definition highlights three elements of economic development: a) the process, b) the increase in real national income, and c) the period taken for development.
Prof. Meier and Baldwin defined economic development as a process by which an economy's real national income increases over a long period. The definition highlights three elements of economic development: a) the process, b) the increase in real national income, and c) the period taken for development.
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