Notes DEVELOPMENT Cbse class 10th ECONOMICS chapter 1 in English medium 📚✍️
NOTES
Notes DEVELOPMENT Cbse class 10th ECONOMICS chapter 1 in English medium 📚
✍️Development Different People, Different Goals.
-Different persons can have different development goals.
-What may be development for one may not be development for the other. It may be destructive for the other.
✍️ Income and Other Goals: More income; equal treatment; freedam; Job secu rity: facilities for family; environment (healthy & secure).
✍️Concept of National Development :
-World Development Report 2006, "In 2004 countries with per capita in come of Rs. 453000 per annum are called rich or developed countries. Those with per capita income of Rs.37000 or less are called low income countries.
-Human Development Report 2006 published by UNDP, "Development is based on per capita income, educational levels of the people and their health status.
✍️Sustainability :
The regular process without harming the productivity of future generation and satisfy the need of present generation.
✍️Sustainable Development :
Development without damaging surrounding.
✍️Average Income : Total income of the country divided by its total population. Also known as per capita income.
✍️National Income: Sum of value of final goods produced within the country and income from foreign factors.
✍️ Infant Mortality Rate : The number of children that die before the age of one year as a proportion of 1000 live children born in that particular year.
✍️Literacy Rate : The proportion of literate population in the 7 and above, age group.
✍️Net attendance Ratio : the total number of children of age group 6-10 attending school as a percentage of total number of children in the same age group.
🔮Questions :
1. What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
2. In what respects is the criterion used by the UNDP for measuring develop ment different from the one used by the world bank.
3. Why is the issue of sustainability important for development?
Notes DEVELOPMENT Cbse class 10th ECONOMICS chapter 1 in English medium 📚
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