Question: Elaborate this statement? Financial development can be characterized as the increment or improvement in the expansion changed market worth of the labor and products delivered

Financial development can be characterized as the increment or improvement in the expansion changed market Elaborate this statement?

Financial development can be characterized as the increment or improvement in the expansion changed market worth of the labor and products delivered by an economy over the long run. Analysts traditionally measure such development as the percent pace of expansion in the genuine GDP, or genuine GDP.

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