CBSE
Notes Class 10 Economics Chapter 1 -Development
What Development Promises – Different Peoples, Different
Goals
- Different
people can have different developmental goals.
- What
may be development for one may not be development for the other person. It
may even be destructive for the other.
Income and Other Goals
People want more income. Money, or material things that one
can buy with it, is one factor on which our life depends. However, the quality
of our life also depends on non-material things such as equal treatment,
freedom, security and respect for others. For development, people look at a mix
of goals. The developmental goals are not only about better income but also
about other important things in life.
National Development
Different persons could have different as well as
conflicting notions of a country’s development.
How to Compare Different Countries or States?
To compare countries, their income is considered to be one
of the most important attributes. Countries with higher incomes are more
developed than others with less income. As different countries have different
populations, comparing total income will not tell us what an average person
earns. So, we compare the average income of countries.
Average income is the total income of the
country divided by its total population. It is also called per capita income.
Average Income = Total Income of Country / Total
Population of Country
In World Development Reports, per capita income is used in
classifying countries.
- Countries
with per capita income of US$ 12,056 per annum and above in 2017, are
called rich countries.
- Countries
with per capita income of US$ 955 or less are called low-income
countries. Eg: India.
Income and Other Criteria
When we think of a nation or a region, besides average
income, public facilities are equally significant attributes.
Public Facilities: These are the services
provided by the government to its citizens. Some of the important public
facilities include infrastructure, sanitation, public transport, health care,
water, etc.
Sustainability of Development
Sustainable development is defined as development that meets
the needs of the present without compromising the ability of future
generations. Scientists have been warning that the present type and levels of
development are not sustainable. Some of the examples are:
- Overuse
of groundwater
- Exhaustion
of natural resources
