Question

What are the various indicators of economic development?

Answer 1

Hey!
There are various indicators of economic development.
rise in productivity, rise in economic rate, rise in GDP (Gross Domestic Product)., rise in economic income etc.

Answer 2

Different indicators of economic development include:

Per capita income: This is the most common indicator of economic underdevelopment is poor per capita income.

The countries which have low per capita income are considered to be poor than the countries that are developed like USA.

Poverty: This is another indicator of economic underdevelopment.

Not just the per capita income, but the income is also unequally distributed.

The people in the country with low per capita income would not get minimum wages that are required for caloric intake.