Explain any three different bases of comparison of economic development of different nations or states
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three bases of economic development are:
(1) Per apita income This is the total National
Income (GDP) divided by the total population.
(2)
Life expectancy at birth This is the number of years, a new born child is expected to live if subject to the mortality risks prevailing for the population concerned.
(3)Literacy rate This is the total percentagd~of the
population of an area at a particular time aged 7 yean or above, who can read and write with undemanding adeast one language.
(1) Per apita income This is the total National
Income (GDP) divided by the total population.
(2)
Life expectancy at birth This is the number of years, a new born child is expected to live if subject to the mortality risks prevailing for the population concerned.
(3)Literacy rate This is the total percentagd~of the
population of an area at a particular time aged 7 yean or above, who can read and write with undemanding adeast one language.
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Answer:
• income of people in particular country, show the market potential of the country.
•GDP shows how much good is being developed and sold consumed in which country.
•life expectancy provide the information about heat service and environment.
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