Income And Other Goals
Income is widely associated with the notion of development as it can be a good & common parameter for measuring development. Besides income, people also expect- security, equal treatment & freedom. At times, they become more important than income & materialistic goods. For development, people look at a mix of goals.
Example: An inclusive, safe & sound workplace would pave the way for greater participation & engagement of women in jobs.
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.
Contact Us