Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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Document TypeGeneral
Publish Date05/02/2020
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Edited BySuneela Farooqi
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Role of Government in Economic Development: Focus on Bangladesh

A government is the system or group of people governing an organized community, often a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government plays various roles in the state. Among various roles, the economic role is one of the essential roles which leads to a country’s apex of development. Economic development is the growth of the standard of living of a nation’s people from a low-income (poor) economy to a high-income (rich) economy. Government is the group of people with the authority to govern a country or state; a particular ministry in office. It is the system by which a state or community is governed.

Economic development is the development of economic wealth of countries, regions, or communities for the well-being of their inhabitants. From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base. Government plays various roles to state among those roles one of the crucial roles is economic development. Like all other states, the Government of Bangladesh also emphasizes economic development which is already discussed above.

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