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Answer» Definitions of Economic Development: - Economic Development is a multi¬dimensional process. – Michael Todaro
- Economic development is such a process in which there is no increase in the population living below the poverty line, the distribution of income does not further increase the inequalities and there is a continuous rise in the real per capita income of the country for a long period of time.
-G. M. Meier - Economic development is a process which increases the factors of production , and create changes in the technique of production due to which per capita income continuously increases and the standard of living continuously rises irrespective of whether population remains constant or increases. – Machlup
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