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Name : Obodoagu Somtochukwu Lilian Reg No:2018/242452 Department:Economics ASSIGNMENT Development Economics as a multidimensional concept. Development Economics as a multidimensional concept implies that it deals with alot of different but related aspects but defined in different ways. Development Economics multidimensional concept are defined by sec and Todaro According to sec , is a process which involves improvement in people’s well being and quality of life While Todaro explain it in three aspects, which re (1) Availability and distribution of life sustaining goods (2)increase in standard of living (3) Expansion and economic and social choices Todaro sees economic development as a means of achievement. (2)Discuss development Development is a process whereby there is advancement, physical ND economic growth in a country, which lead to higher standard of living.it associate with improvement in all aspects of d economy, such as rapid growth, job opportunities, adequate health care and schools (3)processes of Development Processes of Development is a mechanism that contribute to development in the economy There are four categories of Development (1) Expansion stage: this is a stage where there is economic growth, higher standard of living,eradication of poverty (2)peak stage: this stage have reach to the Apex of Development, at it’s maximum point (3) contracting stage: At this stage there everything is getting down at it minimum point such as low level of employment, small production, growth slow down,price stagnate etc (4)Through Stage : At this stage economy reaches at it’s lowest point and growth start which will lead to Expansion again.