What is development ? Mention
two features of development
What is national income?
ICRSE 2009 D
Answers
(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
HOPE IT HELPS YOU PLEASE MARK IT AS A BRAINLIEST ANSWER AND PLEASE FOLLOW ME ALSO .
DEVELOPMENT :- Development is a process that creates growth, progress, positive change or the addition of physical, economic, environmental, social and demographic components.
FEATURES OF DEVELOPMENT :-
1 :- It is a continuous process.
2 :- It is predictable.
3 :- It follows a particular pattern like infancy, childhood, adolscence, maturity.
4 :- It is both quantitative and qualitative.
NATIONAL INCOME :- National income is the total amount of income accruing to a country from economic activities in a year time. It includes payments made to all resources either in the form of wages, interest, rent and profits.