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Briefly explain the concept of economic transformation

      

Briefly explain the concept of economic transformation

  

Answers


Dana
Economic transformation entails the development from an underdeveloped state to a developed state. It involves structural changes in all sectors, institutions and aspects of the economy such as low per capita income, low to high growth rate of the GDP. According to experts, there is a close collaboration between economic growth and structural changes

Dana05 answered the question on July 3, 2019 at 11:12


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