Definitions of Economic Development on the Web

1. Sustained increase in the economic standard of living of a country's population, normally accomplished by increasing its stocks of physical and human capital and improving its technology. www-personal.umich.edu/~alandear/glossary/e.html

2. A term generally applied to the expansion of a community’s property and sales tax base or the expansion of the number of jobs through office, retail, and industrial development. Empty nesters—Adults, usually couples, whose children have grown up and left home. Such adults do not want to maintain houses in the suburbs any longer. They are moving to urban areas to enjoy the cultural entertainment and civic activity. Environmental impact report (EIR)—A study conducted by specialists and generally required by state or federal law to be completed before a project can be built. It evaluates the project www.urbanplan.org/UP_Glossary/UP_Glossary.html

3. Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community. nccs2.urban.org/ntee-cc/s.htm

4. Importance of Higher ed to the economy, justification for state and corporate support, studies that estimate impact; "educated workforce" perspectives. www.higher-ed.org/heus/topics.htm

5. A rise in real income per person; usually associated with new technology that increases productivity or resources. highered.mcgraw-hill.com/sites/0070294267/student_view0/glossary_e-l.html

6. A general term indicating projects designed to strengthen an area's economy and employment base. www.mbaa.org/consumer/mterms.cfm

7. Economic development began to accelerate in the 1830s and 1840s with the creation of railroads. Major firms in heavy industry and machine building were established by innovative manufacturers like Alfred Krupp (factory built in Essen, 1826). The demand for metals transformed the metal-making and coal industries and encouraged their concentration in a few especially rich fields. Despite such development, urbanization and industrialization moved at a slow pace before midcentury. 6www.bartleby.com/67/1071.html

8. The institutional changes made to promote economic betterment. It is the social organizational changes made to promote growth in an economy. oregonstate.edu/instruct/anth370/gloss.html

9. Is any effort or undertaking which aids in the growth of the economy. envision.ca/templates/blank.asp

10. Improvements in the efficiency of resource use so the same or greater output of goods and services is produced with smaller throughputs of natural, manufactured and human capital. (UNESCO)www.takebackwisconsin.com/Documents/Glossary.htm

11. Economic development is a sustainable wealth creation process that works within the framework of community parameters to maximize the efficient and effective utilization of community resources for economic gain for the local population. More simply, the process of creating wealth for as many people as possible. www.delawarecountybrc.com/glossaryterms.htm

12. The process of raising the level of prosperity and material living in a society through increasing the productivity and efficiency of its economy. In less industrialized regions, this process is believed to be achieved by an increase in industrial production and a relative decline in the importance of agricultural production. www.indiana.edu/~ipe/glossary.html

13. Raising the productive capacities of societies, in terms of their technologies (more efficient tools and machines), technical cultures (knowledge of nature, research and capacity to develop improved technologies), and the physical, technical and organizational capacities and skills of those engaged in production. This can also be expressed in terms of raising the productivity of labour: using the labour available to society in more productive and efficient ways to produce a greater quantity and a more diverse range of goods and services. web.uct.ac.za/depts/ricsa/projects/publicli/poverty/pov_def.htm

14. Economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants. en.wikipedia.org/wiki/Economic_development