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Development refers to

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The term 'development' in economics refers improvement in the standard of living, reduction in poverty, crime, etc.

The term 'development' in economics refers to the increase in per capita income.

The term 'development' in economics refers to the increase in per capita income, improvement in the standard of living, reduction in poverty, crime, etc.

Development refers to economic growth.

answer is C.

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Detailed Solution

Development includes both quantitative and qualitative factors which lead to the growth of the economy. Along with an increase in per capita income, there should be an improvement in the quality of life as well

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