Development

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Different people have different developmental goals because their life situations are different. A landless rural laborer wants more work and better wages, while a prosperous farmer wants higher crop …

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Per capita income is the average income of a country, calculated by dividing the total income of the country by its total population. It is used to compare the economic development of different countr…

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This shows that developmental goals are not only about income or material wealth. Even people from rich families have goals related to equality, freedom, and respect. Development includes both materia…

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National development refers to the progress of a country as a whole. Since different people have different and sometimes conflicting developmental goals, national development involves thinking about w…

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Landless rural laborers want: more days of work, better wages, quality education for children, no social discrimination, and opportunity to become leaders. Prosperous farmers want: assured high family…

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Average income is important because: (1) It shows what an average person in a country can earn, (2) Higher income means people can afford more goods and services they need, (3) It allows comparison be…

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The World Bank classifies countries as: (1) High-income or rich countries: per capita income of $49,300 and above per annum, (2) Low-income countries: per capita income of $2,500 or less, (3) Middle-i…

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No, we cannot conclude that all sections have become better off. Example: If in a country with 5 people, incomes are Rs 1,000 each (average = Rs 1,000), and later one person's income becomes Rs 5,000 …