Economic Development - GCSE Geography Definition

Economic development refers to the process by which a country improves the economic, political, and social well-being of its people. In the context of GCSE Geography, it involves the change from low-income economies based primarily on agriculture, to higher-income economies with diverse industrial and service sectors. This transformation not only focuses on increasing a nation's wealth (measured as gross domestic product per capita) but also considers improvements in living standards, education, health care, and infrastructure. Economic development aims to reduce poverty, create jobs, and promote sustainable growth, ensuring that resources are used efficiently while considering environmental impacts and social inclusion.