Q1. Define the term Development with the help of some examples? Discuss the important attributes of the development in context of Pakistan.
Answers
Answer:-
i) Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc.
Features:
(a) Different persons have different developmental goals.
(b) Income is a major component of development.
(ii) National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad.
(iii) When the total national income is divided by the total population, it is called the per capita income.
Per Capita Income = National Income / Population
Explanation:-
USAGE EXAMPLES:
When the country is in a state of economic development putting out the right product at the right time can lead to huge profits.
When we visited some countries which were still in economic development, citizens gathered around us just to look at my smart phone and showed amazement.
The country was undergoing a lot of economic development and it was really cool to see because a few years ago their economy was bad.
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