What does the term 'economic development' primarily signify?

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An increase in economic outputEconomic growth along with shifts in output allocation and structural changesEnhancement of living standards specifically in citiesA steady rise in the Gross National Product

Explanation

Economic development mainly refers to economic growth, which is the rise in the production of goods and services. While other options include broader aspects like structural changes or well-being improvements, the core definition focuses on economic growth.