The aim of economics development is to raise the living standard of the people and through this is to raise consumption level. This can be estimated through through per capita income rather than national income. Thus the per capita income is a good measure of economic development.
The aim of economics development is to raise the living standard of the people and through this is to raise consumption level. This can be estimated through through per capita income rather than national income. Thus the per capita income is a good measure of economic development.
Usually we take one or more important characteristics of persons and compare them based on these characteristics such as friendliness, cooperation or marks secured.
Usually we take one or more important characteristics of persons and compare them based on these characteristics such as friendliness, cooperation or marks secured.
(i) Different person can have different developmental goals. (ii) What may be development for one may not be development for the other. It may be even destructive for the other.
(i) Different person can have different developmental goals.
(ii) What may be development for one may not be development for the other. It may be even destructive for the other.
An industrialist may want more dams to get more electricity but this may submerge the land and disrupt the lives of people of people who are displaced such as tribal people. They prefer small dams.
An industrialist may want more dams to get more electricity but this may submerge the land and disrupt the lives of people of people who are displaced such as tribal people. They prefer small dams.
Some of the examples of environmental degradation in the area are as a follows: (i) Air pollution has increased due to emission of smoke from the factories and vehicles. (ii) There is increase in water pollution due to shops and small factories in the residential areas. (iii) There us noise pollutioRead more
Some of the examples of environmental degradation in the area are as a follows:
(i) Air pollution has increased due to emission of smoke from the factories and vehicles.
(ii) There is increase in water pollution due to shops and small factories in the residential areas.
(iii) There us noise pollution due to use of loudspeaker at night and blowing of horns unnecessarily on the roads by the different vehicle.
(iv) People throw garbage wherever they want. Perhaps there is no provision for dustbins in the streets or roadsides.
(v) Sometimes people urinate in the open on the roadsides due to lack of public conveniences.
(a) We use average for comparison between two countries, two persons or any two or more things. (b) There are followed limitations to use of the average: (i) As only one aspect is compared, it does not give true picture of different countries, persons or things. For example, students differ in heighRead more
(a) We use average for comparison between two countries, two persons or any two or more things.
(b) There are followed limitations to use of the average:
(i) As only one aspect is compared, it does not give true picture of different countries, persons or things. For example, students differ in height, health, talents and interests. The healthiest student may not be the most intelligent or a topper in studies. Similarly the case of the in which respect of countries or states. A country may be ahead than the other country in one field but may lag behind in the other field. So average do not give correct picture.
(ii) By average only one aspect income, size etc. in case of country, marks or participation in sports activities etc. in case of student, can be compared. All aspects or achievements are not compared.
(i) Average don not tell us about similarities or differences between two countries or persons or thing
(a) (i) In world development report, 2006 the World Bank has used the criterion of average income or per capita income in classifying different countries. (ii) The average income or the per capita income is the total income of the country divided by its population. (b)According to the WRD 2006, couRead more
(a) (i) In world development report, 2006 the World Bank has used the criterion of average income or per capita income in classifying different countries.
(ii) The average income or the per capita income is the total income of the country divided by its population.
(b)According to the WRD 2006, countries are classified as mentioned below.
(i)Rich countries excluding countries of Middle East and certain other small countries are generally called developed countries.
(ii) India comes in the category of low income countries because its per capita income in 2004 was just Rs 2800 per annum.
(iii) Low income countries: Countries with per capita income of Rs 3700 or less are called low income countries.
(iv) Rich countries: Countries with per capita income of Rs 4,53,000 per annum and above in 2004 are called countries.
(c) Limitations of the critierion are mentioned as below:
(i) It does not tell us how this income is distributed among people. A country may have more equitable distribution. People may be neither very rich nor extremely poor.
(ii) In another country with same average income, one person may be extremely rich while others may be very poor. So the method of average income does not give correct picture of a country.
What is per capita income always considered as an important parameter of measuring development?
The aim of economics development is to raise the living standard of the people and through this is to raise consumption level. This can be estimated through through per capita income rather than national income. Thus the per capita income is a good measure of economic development.
The aim of economics development is to raise the living standard of the people and through this is to raise consumption level. This can be estimated through through per capita income rather than national income. Thus the per capita income is a good measure of economic development.
See lessWhat is average income of a country?
Average income is the total income of the country divided by its total population. The average income is also called per capita income.
Average income is the total income of the country divided by its total population. The average income is also called per capita income.
See lessHow do we generally compare two prepare?
Usually we take one or more important characteristics of persons and compare them based on these characteristics such as friendliness, cooperation or marks secured.
Usually we take one or more important characteristics of persons and compare them based on these characteristics such as friendliness, cooperation or marks secured.
See lessState two points about the developmental goals that are observed in a day that are observed in day to day life
(i) Different person can have different developmental goals. (ii) What may be development for one may not be development for the other. It may be even destructive for the other.
(i) Different person can have different developmental goals.
(ii) What may be development for one may not be development for the other. It may be even destructive for the other.
See lessGive an example of conflicting desires/aspirations.
An industrialist may want more dams to get more electricity but this may submerge the land and disrupt the lives of people of people who are displaced such as tribal people. They prefer small dams.
An industrialist may want more dams to get more electricity but this may submerge the land and disrupt the lives of people of people who are displaced such as tribal people. They prefer small dams.
See lessList a few examples of environmental degradation that you may have observed around you.
Some of the examples of environmental degradation in the area are as a follows: (i) Air pollution has increased due to emission of smoke from the factories and vehicles. (ii) There is increase in water pollution due to shops and small factories in the residential areas. (iii) There us noise pollutioRead more
Some of the examples of environmental degradation in the area are as a follows:
(i) Air pollution has increased due to emission of smoke from the factories and vehicles.
(ii) There is increase in water pollution due to shops and small factories in the residential areas.
(iii) There us noise pollution due to use of loudspeaker at night and blowing of horns unnecessarily on the roads by the different vehicle.
(iv) People throw garbage wherever they want. Perhaps there is no provision for dustbins in the streets or roadsides.
(v) Sometimes people urinate in the open on the roadsides due to lack of public conveniences.
See lessWhy do we use averages? Are there any limitations to their use? Illustrate with your own examples related to development.
(a) We use average for comparison between two countries, two persons or any two or more things. (b) There are followed limitations to use of the average: (i) As only one aspect is compared, it does not give true picture of different countries, persons or things. For example, students differ in heighRead more
(a) We use average for comparison between two countries, two persons or any two or more things.
(b) There are followed limitations to use of the average:
(i) As only one aspect is compared, it does not give true picture of different countries, persons or things. For example, students differ in height, health, talents and interests. The healthiest student may not be the most intelligent or a topper in studies. Similarly the case of the in which respect of countries or states. A country may be ahead than the other country in one field but may lag behind in the other field. So average do not give correct picture.
(ii) By average only one aspect income, size etc. in case of country, marks or participation in sports activities etc. in case of student, can be compared. All aspects or achievements are not compared.
(i) Average don not tell us about similarities or differences between two countries or persons or thing
See lessWhat is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
(a) (i) In world development report, 2006 the World Bank has used the criterion of average income or per capita income in classifying different countries. (ii) The average income or the per capita income is the total income of the country divided by its population. (b)According to the WRD 2006, couRead more
(a) (i) In world development report, 2006 the World Bank has used the criterion of average income or per capita income in classifying different countries.
(ii) The average income or the per capita income is the total income of the country divided by its population.
(b)According to the WRD 2006, countries are classified as mentioned below.
(i)Rich countries excluding countries of Middle East and certain other small countries are generally called developed countries.
(ii) India comes in the category of low income countries because its per capita income in 2004 was just Rs 2800 per annum.
(iii) Low income countries: Countries with per capita income of Rs 3700 or less are called low income countries.
(iv) Rich countries: Countries with per capita income of Rs 4,53,000 per annum and above in 2004 are called countries.
(c) Limitations of the critierion are mentioned as below:
(i) It does not tell us how this income is distributed among people. A country may have more equitable distribution. People may be neither very rich nor extremely poor.
(ii) In another country with same average income, one person may be extremely rich while others may be very poor. So the method of average income does not give correct picture of a country.
(iii) This system hides disparities among people.
See lessHow is the development of a country determine?
The development of a country can be generally determined by average income or per capita income.
The development of a country can be generally determined by average income or per capita income.
See less