economic development


economic development
/ˌi:kənɒmɪk dɪ'veləpmənt/ noun
the expansion of the commercial and financial situation
The economic development of the region has totally changed since oil was discovered there.
The government has offered tax incentives to speed up the economic development of the region.
Economic development has been relatively slow in the north, compared with the rest of the country.

Marketing dictionary in english. 2015.

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