A continuous increase in national income accompanied by the structural transformation of all indices is called

Economic development refers to a continuous increase in national income accompanied by the structural transformation of all indices. In other words, it is a sustained increase in economic growth that leads to significant improvements in living standards, reduction in poverty, and an increase in the general well-being of the population. It involves not just the growth of the economy, but also the improvement in social and economic indicators such as education, health, and infrastructure, among others. Economic development is a long-term process that requires the coordination of various policies and efforts to achieve sustained growth and improve the quality of life of the population.