Definition of Economic :-
An economic system consist of three comparably process which develop & un-development economic activity. That is production , consumer and investment. It identify group of nation through there are resource for satisfy human needs and wants.
Feature of Economic :-
1). Division of work.
2). Division o f Labor.
3). Large of scale capital production.
4). Increase international trade.
5). Reduce of unemployment.
Advantage of Economic :-
1). Economic growth & development of every field.
2). To achieve org goal.
3). Capital information
4). To increase the productivity.
Factor affecting economic :-
1). Natural resource.
2). Human resource.
3). Size of market.
4). Low Production.
5). Unequal income distribution.
Economic growth :-
It may be define a rate of expansion which move undeveloped country through high level tools and technique at minimum time. It means increase of output goods and service over a long time.
Economic Development :-
It is multi value method which involve education health living standard resource and others value which effect the consumer behavior.
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