economic development:

… brings about changes … where people live, work, and share things in common (source of quote). It blends with enterprise development, another process that comes to fruition in a location. The combination is enterprise and economic development. See the specifics of what economic development can achieve by reviewing breakouts of the most commonly used operative words and phrases in The Definition of Economic Development Collection.

Economic development is a process that is monitored, manipulated and encouraged as indicated by a statement saying that it … can be a specifically undertaken activity (source of quote). The quote goes on to say that … the same intended consequences might also take place spontaneously, without any deliberate efforts to achieve them.

go back

Enterprise and Economic Development; A Beginning:

Somewhere centuries ago people living, working, and sharing things in common in a location recognized that that their resources and goods had value in terms of exchange. The place was at a crossroads. Outsiders regularly went through through the community.

Outsiders stopped to purchase or barter for goods and services, local entrepreneurs became vendors. Needing to devote time to running their businesses on the street, vendors quickly learned that having a reliable network of suppliers in and around the community was worthwhile. Industrial development began with cottage industries.

A marketplace came into existence along with enterprises, A basic supply chain supported commerce. Wealth was created. The place and its surrounding area became a local economy, the crossroads a commercial center.

Demand for goods and services increased. Jobs creation came into existence Visionaries and innovators recognized that there were markets in distant places. They acted to reach them, adding a new layer of wealth building to the foundation already established locally. They may have created the first basic economy as roads and waterways became trade routes.

The community not only became sustainable but grew. In the process it seems possible that there might have been a teacher of the economic development process. Those that learned from the teacher became volunteers and worked at community economic development. Perhaps, the community decided to employ a particularly productive volunteer, at which point one might say, that was your first economic development practitioner.

Look over the suggested search terms show below in italics if you want to gather information from the Web about economic development, industrial development, community development, area development, and enterprise development. Copy the suggestions that interest you and paste them to the search engine provided.

define "economic development"

Schumpeter 1911 "economic development"

"Capitalism, Socialism and Democracy" economic development

"economic development" clusters regions

define "industrial development"

define "community development"

define "community economic development"

define "area development"

"area development" clusters regions

sustainable growth "economic development" economy

what is "economic development" "enterprise and economic development"

fundamentals economic development basics introduction

"economic development" future

"Industrial Revolution" "industrial development" "economic development"

industrial revolution capitalism socialism democracy

industrial development "manufacturing economy"

go back

FYI: definition of economic development define economic development defined what is economic development what is an economic development process define eco dev means what does ed stand for what does ecd stand for what does the ecd acronym mean definition of eco dev process definition of ed process definition of ecd process