The sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Open English WordNet

In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. Wikipedia

The process by which a nation improves the economic, political, and social well-being of its people Wikipedia Disambiguation

Process and policies to improve economic well-being Wikidata