🇰🇷Korean Source WordCode: KO

경제 개발

Pronunciation / Transliteration: Gyeongje gaebal

🇬🇧 Direct English Meaning:
Economic Development/ˌiː.kəˈnɒ.mɪk dɪˈvɛl.əp.mənt/
nounCEFR B2 (Upper)Top #1500 frequency
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🇰🇷 Example Sentence in Korean:

"경제 개발은 지역 사회의 발전에 필수적입니다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The process of improving the economic well-being and quality of life for a community by creating and retaining jobs and supporting or growing incomes.

    "The government implemented new policies to stimulate economic development in rural areas."
  2. 2

    A field of study that focuses on the economic growth and structural changes in economies.

    "Economic development is a key focus for many international organizations aiming to reduce poverty."

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Linguistic Origin & Historical Etymology

The term 'economic' originates from the Greek word 'oikonomikos', meaning 'pertaining to household management', while 'development' comes from the Old French 'desveloper', meaning 'to unwrap or unfold'. Over time, the term has evolved to encompass broader meanings related to the growth and improvement of economies.

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