Development
The process by which the economic well-being and quality of life of a nation are improving
Real World Example
After World War II, many countries in Africa, Asia, and Latin America, often referred to as the "Developing World," sought development to improve their economies and living standards. This concept was important as it responded to poverty, lack of infrastructure, and the need for better education and health care. Nations aimed to industrialize, modernize agriculture, and build institutions to enhance their citizens' quality of life. Today, development continues to matter as it affects job opportunities, access to technology, and health services. For example, in your community, development might mean building a new school, which can provide better education and future opportunities for local children.
