Correct option is B
The correct answer is: (b) Improved access to employment opportunities
Explanation:
Economic development refers to the overall improvement in the standard of living of the population, including higher income, better education, healthcare, and employment opportunities.
Benefits: It helps in poverty alleviation, economic stability, and social mobility.
Information Booster:
- Economic Development: A comprehensive process that improves living standards, quality of life, and equitable distribution of wealth.
- Employment Opportunities: Increasing access to jobs reduces unemployment, boosts household income, and drives economic growth.
- Economic growth focuses on the increase in GDP, but economic development emphasizes inclusive growth.
- The human development index (HDI) is often used to measure the progress of economic development.
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