What is Development Economics
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Answer: Development Economics is the branch of economics that deals with the development process of low-income areas. It focuses on economic growth and the structural changes to support the growth, as well as improving public welfare. Development Economics refers the following topic:
- Improve public welfare
- Applied at domestic or international level
- Branch of economics
- Development process of low-income areas
- Economic growth and structural changes
- Political and social considerations
- Normative economics
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