What is the meaning of the term economic development strategy?

Determining the general strategy of development: economic, social, is one of the alternative possibilities, vary depending on the countries concerned. There is no single development program, fit for all developing countries. What may be appropriate and effective in one country, may not be so in another country, as each country needs special policies, development programs which suit compatibility. And determine the overall strategy for economic development is an important issue; they determine the course of development, over time, as they must be characterized by inclusiveness and balance.

the meaning of the term economic development strategy is a long term plan to transfer a poor countries into prosperous one. Strategies for transforming a developing economy tend to be unique, because the social and political background of countries can vary dramatically.

Economic development is the continued, intensive actions of policy makers and communities that boost the standard of livelihood and economic health of a specific country.

Its the long term of planning and solve development hindrance to grow up with economic sections .. its takes along time to change strategies and planning policies to increase the national income and the average of personal income

The process in which an economy grows or changes and becomes more advance, especially when both economic and social conditions are improved.

 

wHERE the stragic benefits are desired by doing the work for strong economy by installing the industries, public utilities, educational development, expertise development, human welfair and knowledge development.

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In developing countries it mean strategy to make more money and protecting their own business in the name of better society. 

Maximizing the utilization of Land Labour capital and organization for the development and welfare of human beings in the society.  It include Industrial development, agricultural development, development of allied activities. development of the service sector..overall leading to economic welfare of the society that leads it by way of the strategic decisions and planning envisaged for the purpose.

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Economic Development Strategy is to improve the quality of life as a whole, its a long term planning to enhance and develop a strategy to improve all aspect of economy.

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