What is meant by development? Tell us about the two indicators of development?
Answers
Answer:
DEVELOPMENT: the process of developing or being developed.
INDICATORS:the most commonly used indicators collected by some of the major development institutions, both multilateral agencies such as the World Bank, as well as NGOS.
The indicators you need to know for the ‘indicators of development topic – most obviously GNP, the HDI and the MDGs.
Other indicators which are useful to know for different sub-topics within the global development course (health, education, gender, conflict, the environment etc…)
Answer:
HERE IS YOUR ANSWER.
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Explanation:
1. National Income: The level of national income indicates the level of development of a country. National income is the value of all the final goods and services produced in a country during a year and the income coming from abroad.
2. Per Capita income: Per capita income is the indicator of the income of all the citizens of a country: When national income is divided by total population of the country, we get Per Capita income