Economic development refers to the process by which a country or region improves its economic health and quality of life for its citizens. This can involve creating more jobs, increasing income levels, and enhancing access to essential services like education and healthcare. By investing in infrastructure, such as roads and public transportation, communities can attract businesses and stimulate growth. Another important aspect of economic development is fostering innovation and entrepreneurship. When individuals and companies are encouraged to start new ventures, they contribute to a vibrant economy. Support from government programs and financial institutions can help nurture these initiatives, leading to a more prosperous society overall.