Economic Development
/ˌɛkəˈnɒmɪk dɪˈvɛləpmənt/
Definitions
- (n.) The process by which a legal jurisdiction improves the economic well-being and quality of life of its people, often through policy measures, infrastructure investment, and regulatory reforms.
The government's economic development plan aims to attract foreign investors and create jobs.
Forms
- economic development
Related terms
See also
Commentary
In legal contexts, economic development often involves legislation and regulations that impact business environments, taxation, land use, and labor laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.