Respuesta :
Answer:
Economic development
Explanation:
Economic development is a process of structural transformation with continuous technological innovation and industrial upgrading. In the past, people got their food and water from agricultural land and natural water sources. Nowadays, in this world of technology, everything is transformed. Anyone can access the food, water, energy, and manufactured goods as their basic needs at an affordable cost. These all transformations come under economic development. This development increase labor productivity, and accompanied improvements in infrastructure and institutions, which reduce transaction costs.
Answer:
Economic
Explanation:
Today, we can see progress in the accurate measurement of activity. Centuries of economic development has made this possible. Econometrics now measures all aspects of production and consumption of raw materials and finished manufactured goods. We use this data to measure the value and viability of coal mines, oil fields, and even fish farms.