Overview
Economic development is a crucial process that aims to improve the economic well-being and quality of life for communities. It involves various factors, including the integration of technology, which can significantly enhance productivity and innovation. By adopting sustainable practices and focusin...
Key Terms
Example: A country experiencing a rise in GDP is said to have economic growth.
Example: Businesses adopting cloud computing to improve efficiency.
Example: Using renewable energy sources to reduce environmental impact.
Example: E-commerce platforms like Amazon represent the digital economy.
Example: The development of smartphones revolutionized communication.
Example: Cities using IoT devices to manage traffic flow.
Related Topics
Globalization and Economy
Explores how globalization affects economic development and technology integration.
intermediateInnovation Management
Focuses on managing innovation processes within organizations to drive economic growth.
advancedEnvironmental Economics
Studies the economic impacts of environmental policies and sustainable practices.
intermediateKey Concepts
Economic GrowthTechnology AdoptionSustainable DevelopmentDigital Economy