Economics · Economic Growth and Development

Economic development is best characterized as a process that is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Short-term and static
2Continuous and long-term✓
3Purely cyclical and quantitative
4Discontinuous and spontaneous

Correct answer

Continuous and long-term

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Economic development is best characterized as a process that is:

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