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- The chessboard of empire: the late 17th to the early 19th century
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Economic development is the process through which a given economy, whether national, regional, or local, becomes more complex and grows in terms of the income or wealth generated per person. This process is typically accomplished by finding new forms of labour and often results in the creation of new kinds of products. One example of economic development has been the transition from hunting and gathering to a full reliance on agriculture; in this example, the new form of labour comprised the system of sowing and harvesting useful plants, while the new products comprised domesticates such as corn (maize) and cotton. ...(100 of 34941 words)