What Is the Definition of the Following Term

question 35

Short Answer

What is the definition of the following term:
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Definitions:

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved through targeted initiatives.

Hybrid Models

Refers to systems or approaches that incorporate elements from two or more different models, methodologies, or technologies.

Social Entrepreneurship

The practice of developing, funding, and implementing solutions to social, cultural, or environmental issues.

Microloans

Small loans offered to people with little to no credit history or collateral, typically aimed at enabling entrepreneurship or self-employment in developing countries.