Question

What is a “strictly economic definition” of development? What are it’s flawed and how can they be rectified?

Answer 1

Economic development includes meeting the nation's three main goals. These include: the ability to meet their people's basic needs, i.e. nutrition, housing, health and safety. To increase living standards by raising income levels, growing job opportunities, enhancing education and health services, and instilling more values in their people, so that they can live their lives with dignity. Liberty of choice
Social and economic growth, was seen in a new perspective of progress. In other words, efforts have been made to improve people's attitudes by improved education and healthcare, improvements in women's status Eradicate inequality by providing opportunities for jobs Reduce income inequalities Providing adequate health facilities Increased production throughout all areas of the economy-whether agriculture, manufacturing or the tertiary sector for sustainable economies.

If a nation has been showing an annual growth rate of 2 percent for five years, but employment levels are dropping over these years, then this growth is considered jobless growth and not development.