What is social and health indicators of economic development?
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Answer:
While several gauges are available to measure these changes, the most common indicators of economic development are Gross Domestic Product (GDP) per capita, the poverty level, life expectancy, the proportion of workers in agriculture and changes in the physical quality of life.
To assess the economic development of a country, geographers use economic indicators including: ... Economic growth measures the annual increase in GDP, GNP, GDP per capita, or GNP per capita. Inequality of wealth is the gap in income between a country's richest and poorest people.
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…)
Using these ideas, Rostow penned his classic "Stages of Economic Growth" in 1960, which presented five steps through which all countries must pass to become developed: 1) traditional society, 2) preconditions to take-off, 3) take-off, 4) drive to maturity and 5) age of high mass consumption.
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