Economic development refers to growth in economy and enhancement of life's of individuals in a country.its a wide disciple and cannot be explained just by one perspective.
Key indicators of economic growth varies within a countries ,though these are universally accepted indicators;
Improved infrastructure.Infrastructure in a broader term refers to roads,railways lines,airports,ports.When these are extensive and are to international standards then that to a country signifies an improved economic growth.
Increase in national income.National income in simple terms refers to the money at disposal for a country to spend.An increase in this signifies an improved economy.
Increased literacy levels.Increased number of persons who are able to read and write definitely lead to increased skilled labor in a country.
High Life expectancy.This refers to the number of years one is expected to live from birth.This signifies an improved health care which itself is a sign that a country's economy is developing .
Low contribution of agriculture on economy.High contribution of agriculture in an economy is an indicator of underdevelopment.
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