Promoting Economic Development: Indispensable in Leading to Progression of Individuals and Communities
Radhika Kapur
Dr. Radhika Kapur, Pedagogy and Organizational Culture in Nursery Schools, Delhi University, New Delhi, India.
Manuscript received on 03 May 2022 | Revised Manuscript received on 09 May 2022 | Manuscript Accepted on 15 May 2022 | Manuscript published on 30 May 2022 | PP: 54-59 | Volume-2 Issue-1, May 2022 | Retrieval Number: 100.1/ijef.B258104021124 | DOI : 10.54105/ijef.B2581.02010522
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Abstract: The main concept of this research paper is to acquire an efficient understanding of meaning and significance of economic development. The individuals, belonging to all communities, occupations and socio-economic backgrounds need to acknowledge the importance of this concept. Furthermore, they need to be committed towards achievement of this concept. Hence, it is vital for them to be well-equipped in terms of their job duties, which are necessary in promoting better livelihoods opportunities. Furthermore, they are required to augment information in terms of different types of methodologies that are necessary in doing well in their job duties. Furthermore, individuals will render an important contribution in achievement of desired goals and objectives. Hence, implementing all the factors that are facilitating in promoting economic development is facilitating in sustaining one’s living conditions in an effective manner. When individuals will carry out their job duties in an effective manner, which is vital in promoting their well-being, they will render an important contribution in promoting community well-being as well. Hence, it is of utmost significance for individuals to augment their knowledge and understanding. Furthermore, they are required to inculcate the traits of morality, ethics, diligence and conscientiousness. In addition, one needs to put emphasis on leading to up-gradation of competencies, abilities and aptitude. Therefore, it is well-understood; promoting economic development is indispensable in leading to progression of individuals and communities. The main concepts that are taken into account in this research paper are; understanding the meaning and significance of economic development, measures to be implemented in promoting economic development and advantages of promoting economic development.
Keywords: Communities, Economic Development, Individuals, Job Duties, Methodologies, Up-gradation, Well-being
Scope of the Article: Economics