Development economics focuses on improving living standards from "summary" of The Economics Book by DK
Development economics is a branch of economics that concentrates on improving living standards in developing countries. This field looks at the factors that contribute to economic growth and development in poorer nations. By understanding and addressing these factors, economists hope to enhance the quality of life for people in these countries. One key aspect of development economics is the focus on poverty reduction. Economists in this field study the causes of poverty and seek ways to alleviate it. This may involve implementing policies that promote economic growth, create job opportunities, and provide access to basic services such as healthcare and education. Another important area of study in development economics is income distribution. Economists examine h...
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