Development (Economics) Class 10

This is the ppt in which the summary of Chapter 1(Economics) Class 10 is present. You can also took notes from this ppt. So,enjoy this ppt. Thank you for reading.
-Richa Thakur

1. Development Development is the process by which we can work towards achieving our goals. Some principles of Development are:- Different persons can have different developmental goals. May be something is development for one but not for other . It may even be destructive for other.

2. Income and other goals People look at a mix of goals for Development . Income is the most important component of the development. But t he developmental goals that people have are not only about better income but also about other important things in life. The developmental goals may be about equal treatment , respect , freedom , job security, good health , better environment , facilities for family , etc.

3. National Development Different person could have different as well as conflicting notions of a country’s development. The all around development of a nation is known as National Development. World Development Report 2006,”In 2004 countries with per capita income of Rs.4,53,000 per annum are called developed countries . Those with per capita income Rs.37,000 or less are called low income countries”. Human Development Report 2006 published by UNDP, ”Development is based on per capita income, educational levels of the people and their health status.

4. How to compare Different Countries? Income is considered to be one of the most important attributes for measuring countries. Method of measuring National Development:- National Development- It refers to the market values of all good and services which produce in financial year within the country. Average Income- It is the ratio of total national income of a country with respect to total population . It is also known as per capita income. PCI( Per Capita Income ): Total income/ Total population

5. Income and other criteria HDR published by UNDP compares countries based on an Educational level of the people their health status and PCI. Human Development Indicators Infant mortality rate: It indicates the no. of children that die before the age of one year as a proportion of 1000 lives. Literacy rate: It measures the proportion of literate population in the 7 year old and above age group. Net Attendance ratio: It is the total number of children of age group 6-10 years old attending school as a percentage of total no. children in the same age group. Sex ratio: It is the total no. of female per thousand of males.

6. Life expectancy: The minimum age up to which an adult lives in the life expectancy rate. This also shows the overall quality of life in a country. As per 2011 census, the life expectancy in India for males in 67 years and for females it is 72 years. Per Capita Income: It is calculated in dollars for all countries so that it can be compared. It is also done in a way so that every dollar would buy the same amount of goods and services in any country.

7. Measuring Development Gross National Product (GNP): It is the measure of the total value of the officially recorded goods and services produced by the citizens and corporations of a country in a given year. It includes things produced inside and outside a country’s territory. Gross Domestic Product (GDP): It is the measure of total value of the officially recorded goods and services produced by citizens and corporations of a country in a given year. Gross National Income (GNI): It is the measure of the monetary worth of what is produced within a country plus income received from investments outside the country. This is the most common measurement used today.

8. Sustainable Development Sustainable Development is a development strategy that manages all natural resources and human resources as well as financial and physical assests for increasing long term wealth and well being. Features of Sustainable Development Sustainable rise in the real PCI and quality of life. Reduction in Pollution. Rational use of natural resources. To fulfil the requirements of future generations.

9. Thank You