CBSE Class 10 Economics Notes Chapter 1: Development
Q1. How would you define development?
Answer-
Development refers to a positive change or improvement or progress in people’s life or well-being, which can be economic, social, or political.
Q2: What is per capita income? How it is calculated?
Answer:
Per Capita Income is defined as the average income a person earns in a year. It is calculated as follows:
Per Capita Income = Total income of the country/Total population of the country
Q3. What is Infant Mortality Rate (IMR)?
Answer-
IMR indicates the number of children that die before the age of one year as a proportion of 1000 live children born in that particular year.
Q4. What is Sustainable Development?
Answer-
Sustainable Development is the kind of development that meets the needs and demands of the present generation without compromising the availability of resources for future generations.
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CBSE Class 10 Notes Economics Chapter 1: Development
In the CBSE Notes Class 10 Economics Chapter 1, you will learn about the concept of development, what it means, & how it is measured. The chapter begins with a discussion of the different ways in which people define development, & the various indicators that are used to measure it, such as Gross Domestic Product (GDP), Human Development Index (HDI), Average Income, Infant Mortality Rate (IMR), etc. The chapter also covers the different dimensions of development, such as economic, social, & political.
The chapter also examines the concept of sustainable development & the need to balance economic growth with environmental conservation. It concludes by highlighting the importance of inclusive & sustainable development in creating a better future for all. Overall, the chapter provides a broad introduction to the concept of development.
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