Why is income 'an inadequate measure of the level of development'?
(a) Because the concept of development varies for everyone
(b) Because people have other developmental goals
(c) Because people have different goals and aspirations
(d) Because development is a wider concept
Answers
Explanation:
The level of income is importantyet it is an inadequate measure of the level of development because only material can be bought with money but non-materialistic deveopment does not depend on money. These may include things like freedom, equality, security, health, access to facilities and education.
(a) Because the concept of development varies for everyone
Explanation:
Income is not an adequate measure of the level of development because the concept of development holds different value for different individuals.
While for some people development might mean having freedom, for others it might mean having lots of money.
For some people, while development might mean happiness, for others it might mean struggle and hardships in life.
While a few things such as financial independence, ability to buy things, financial strength can be measured using income as a base, other important factors such as happiness, health, freedom cannot be measured using income.
Therefore income is not an exclusive measure of the level of development.
A person with a low level of income might be happier than a rich person. For that poor person, being happy is development.