What are the examples of economic development?

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Solution

Examples of economic advancement are:

The life expectancy of an average population

Standard of education

The actual number of people who can read in the entire population

Standard of living

Accessibility of housing, in addition to the quality of housing.

Admittance to medical care.

Pay per capita.

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‘The Government and policy makers use statistical data to formulate suitable policies of economic development’. Illustrate with two examples.

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