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Economics – Development Notes

Sujoy Das
16 hrs ago 0 0

What is Development?

  • Development means improvement in the quality of life of people.

  • It is not just economic growth, but also includes better living standards, education, health, and equality.

  • Development is multi-dimensional – includes social, economic, and political aspects.


2. Indicators of Development

Development is measured using different indicators, which show how well people are living.

a) Economic Indicators

  • Income per person – shows average earnings of people.

  • Standard of living – access to goods, services, and facilities.

  • Employment – more jobs indicate better development.

b) Social Indicators

  • Health – life expectancy, child mortality, availability of healthcare.

  • Education – literacy rate, school enrollment.

  • Nutrition – adequate food and water.

c) Human Development Indicators

  • Human Development Index (HDI) – combines income, education, and life expectancy.

  • Focuses on overall well-being, not just money.


3. Factors Affecting Development

  • Natural resources – availability of water, land, minerals.

  • Infrastructure – roads, electricity, communication facilities.

  • Education and skill – better education improves productivity.

  • Health facilities – healthy population contributes more to development.

  • Economic policies – government policies influence growth and equity.


4. Unequal Development

  • Development is often unequal within and between countries.

  • Some regions may have better resources, education, or industry, while others lag behind.

  • Causes of unequal development include:

    • Historical reasons (like colonial rule)

    • Unequal access to education and healthcare

    • Geographic disadvantages (droughts, floods, poor soil)


5. Sustainable Development

  • Development should meet the needs of the present without harming future generations.

  • Focuses on:

    • Environment protection

    • Efficient use of resources

    • Reducing poverty and inequality


6. Key Points to Remember

  • Development is more than economic growth.

  • Income alone does not guarantee development.

  • Indicators of development include health, education, and standard of living.

  • Unequal development needs targeted policies to reduce disparities.

  • Sustainable development ensures long-term well-being of people and environment.

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