Question

Write
Q. 12 Write three major characteristics of economic development.​

Answer 1

The three characteristics of development are as follows :

(i) Different people have different development goals.

(ii) Income is the most important component of development for some people. It may be destructive for the other.

(iii) For development, people look at mixed goals. Besides seeking more income, one way or the other, people also seek things like equal treatment, freedom, security and respect of others.