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Development Economics
Development Economics
Vikas
Refers to the process of growth, or improvement
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whether in oneself or in others.
Different People Different Goals
People have different goals and desires, so what one person sees as
progress or development may not be the same for another. Each
person seeks what is important to them based on their own priorities
and aspirations. For Example,
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hai Ki country
garib h ya Amir ?
On the basis of National Income : When comparing countries,
their level of income is often viewed as a key indicator of
development. Countries with higher incomes are generally seen
as more developed, since greater income can provide access to
basic human needs and other resources that promote well-
being.
Total Income = Sum of all residents of the country i.e population
When comparing countries, the average income or per capita income
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is usually considered, rather than the total income. This is because
countries have different populations, and comparing total incomes
could be misleading. Per capita income provides a better measure of
the average income earned by an individual in a country, and can
therefore be used to compare standards of living between different
countries. Paise ho to kya
Average
Income
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$955 or less in 2017 are classified as "low-
income" countries.
India had a per capita income of $1820 in
2017 and is categorized as a "low-middle
Kaunse criteria ki madad se hum
income" country. development determine kr sakte h ?
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underweight or not, the internationally accepted standard
known as Body Mass Index (BMI) is used. For adults, a BMI of
less than 18.5 is considered underweight, while a BMI between
18.5 and 24.9 is considered normal, based on their height
and weight.
However, it's important to keep in mind that this standard is not
appropriate for growing children.
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Public Facilities Public Ko Kya-Kya milta hai ?
Money alone cannot provide all the necessary goods and services for a
comfortable life, such as a pollution-free environment and disease
protection.
Public facilities provided by the government are the most affordable and
efficient way to collectively provide these services to the public.
Kerala is a better place to live because of its well-established public
distribution system, ensuring that everyone has access to food and good
health.
Kerala also has adequate basic health facilities and proper education,
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Sustainability of development is the practice of achieving economic
growth while protecting the environment and ensuring social well-
being, without compromising the ability of future generations to meet
their own needs. It involves taking a long-term view of development
that balances economic, environmental, and social factors, to create
a sustainable and equitable future for all.
To ensure sustainable development, it is crucial to
avoid harming the environment. Some examples of
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environmental issues that must be considered include:
Groundwater overuse: The overuse of groundwater
poses a significant threat to its availability and
quality.
Resource depletion: Excessive mining of resources
like iron, gold, silver, coal and crude oil can lead
to depletion of these resources, causing irreparable
harm to the environment.
Factory pollution: The release of smoke and other
harmful gases from factories causes environmental
pollution, which can have serious implications for
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income.
5. Explain the goals of different persons may sometime be conflicting.
6. Explain any three limitations of per capita income?
7. What is the main concern with regard to sustainable development?
8. What is environment degradation? Give a few examples?
9. Mention in brief the factors which are important goals in our life.
10. Which recent report is the basis for the classification of countries as
developed and low income countries?
11. Explain the terms average income and national income.
12. How are countries classified by World Development Report?
13. How do we calculate the total income of a country and what is
meant by Per capita income?