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.
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 less