Abstract: It is customary for each country to develop a plan of economic actions to improve the living standards and economic health of a particular area. Economic development can be called quantitative and qualitative changes in the economy. Such actions can include several areas including the development of human capital, critical infrastructure, regional competitiveness, environmental sustainability, social inclusion, health, security, literacy and other initiatives. Economic development can also be considered as a static theory that at certain times documents the state of the economy.