Summary of the chapter development? (class 10 cbse) (students prospective)
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Understanding Economic development will introduce students to the idea of development in terms of an economy. It defines basic concepts like development, literacy rate, IMR, HDI, per capita income and sustainable development. Assess different perspectives of development, interpret the different indicators of development, compare economic and non-economic indicators of development and analyse the merits and demerits of PCI as a development indicator. It will also identify the significance of sustainable development.
You will read about the following:
What development promises – Different people have different goals of development
Concept of PPP – Purchasing power parity
perspectives on development
Common indicators and methods of measuring development
Income and other goals – this will talk about high salary, job securities etc.
National development – the ability of a nation to improve the standard of living of its citizens. This includes per capita income. Gross domestic products, literacy rates etc.
Comparison of different countries or states on the basis of per capita income and not national income, because each country has a different population rate.
Calculation of per capita income
Income and other criteria
Public facilities
Sustainable development.
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