Development Class 10 Economics Chapter 1 Revision Notes | CBSE class 10 economics chapter 1 Notes

Описание: 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 income 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 ground water
Exhaustion of natural resources. in this chapter, you will find answers to many questions such as; what should a country be like? What are the essential things that we require? Can life be better for all? How should people live together? Can there be more equality? The answers to these questions are not found only in Economics but also in History and Political Science. This is because the way we live today is influenced by the past.


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#latest_notes_2020 #class_10_economicsThis is SESHU CHEERA, Holds a Master's degree in political science, UGC-NET in 2008. Love to Teach, so went ahead and did my B. Ed. Also learnt NEURO LINGUISTIC PROGRAM and attained MASTER PRACTIONER CERTIFICATE. Read few books and fell in love with reading books. I also learnt about LAW OF ATTRACTION COURSE.
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