(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.
(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.
Why is for comparison between countries total income is not such as useful measures?
Since countries have different populations, comparing total income will not tell us what an average person is likely to earn.
Since countries have different populations, comparing total income will not tell us what an average person is likely to earn.
See lessFor comparing countries which is the most important attribute?
For comparing countries, their income is considered to be one of the modt important attribute.
For comparing countries, their income is considered to be one of the modt important attribute.
See lessAs per World Development Report 2006 brought out by the World Bank, what is the per capita income of rich and low income countries in 2004?
(i) Rich countries- Rs4,53,000 per annum. (ii) Low income countries- Rs37,00or less
(i) Rich countries- Rs4,53,000 per annum.
(ii) Low income countries- Rs37,00or less
See lessState one condition that may allow woman to take up a variety of jobs or run a business?
A safe and secure environment may allow more women to take up a variety of jobs or a man business.
A safe and secure environment may allow more women to take up a variety of jobs or a man business.
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 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 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