What are the benefits of economic development?
Economic development is a versatile term that can refer to the efforts and initiatives of both creators and citizens of the region to support factors that will lead to the development of this region. The benefits of economic development are drawn from factors such as improving human capital, solid infrastructure, environmental awareness and health and good system of good living conditions. Another aspect that can be considered an advantage is to improve the competitiveness of the country with others in the region or in the world.
One of the advantages of economic development is to improve human capital, which means improving skills, talents and education of the general population by providing good schools, high -quality educational environment and materials. Human beings are the main driving force for economic development, which they can achieve through their skills, knowledge and experience to develop a nation. In the order of obtaining this education must get training or formal teaching from well -equipped schools with modern laboRators and other teaching aids. Sometimes training is gained at work when they learn and grow from experience. This knowledge is referred to as human capital because it is an investment in people who are expected to pay dividends over time.
Another inclusion in the benefits of economic development is the construction of a solid network of infrastructure in the country. This includes objects such as good roads, functional sewers and channels. It also includes the construction of good airports and marine ports, as well as other equipment such as constant electricity and good drinking water. Economic development will also lead to providing social equipment such as functional libraries, good transport system and other facilities such as theaters and sports centers.
An important part of economic development is to provide a good social security system for citizens. The importance of this is to ensure to ensure ecoNomic attack, emotionally attacked, mentally attacked, very young and even old and unfortunate members of society. This is not the possibility of less-economically developed countries where people do not receive such advantages or consideration. Economically developed countries also have good health care systems that include the provision of the necessary medical equipment and trained doctors to devote themselves to the needs of patients. Some countries, such as the United States, have a social care program for people who cannot afford to pay for their basic health care.