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What are the effects in general of economic development?

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What are the effects in general of economic development?
posted Sep 4, 2017 by anonymous

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Its a very general question but here is what we can say the effects of economic development...
- Improvement in standard of living
- Creation of jobs
- Improved innovation and scientific development
- Ideas and IP (Intellectual Property) generation
- creation of higher wealth

Please comment if looking for something different.

answer Sep 5, 2017 by Salil Agrawal
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