Social and economic equality.
Answer: Economic development is a process whereby an economys real national income increases over a long period of time.
Affected individuals fall into three groups: (1) people involved directly in agricultural food production (e.g., farmers); (2) people involved in the rest of the food system (e.g., processing, manufacturing, food service, and retailing); and (3) consumers. Literacy levels of China have risen dramatically over the past 20 years and now stand at 95%. CBSE Notes Class 10 Economics Chapter 1 - Development. Resource and Development World Class 10 Extra Questions and Answer Geography Chapter 1 Higher Order Thinking Skills (HOTS) Questions Resources are the basic requirements for countrys economic development. A family earning between $32,048 and $53,413 was considered lower-middle class. Answer: Economic development depends upon exports of that country, now a days also depends upon the technology introduced by that country and also depends upon how much the native of that country and other countries has invested in that particular country. Askar Adika.
have social and economic dimensions worthy of research and analysis (3). Economic Development - Todaro and Smith. Legal, regulatory, and policy framework; 4. Higher the income, higher is the standard of living and development. - The other ways of measuring the development of economy is to measure per capita income, total income of the country, the extent of import/export, the gdp (gross domestic produce) and the fiscal deficit. Natural resources can be broadly divided into three categories viz.
Levels of development are dependent on The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services.
Gross Domestic Product (GDP) is the most widely used tool for assessing a country's economic development. Results: Less than adequate FHL occurred It is an important internal desire and force, which inspires him to take up entrepreneurial works and encourages him to achieve in his goals. Physical factors that affect population density include water supply, climate, relief (shape of the land), vegetation, soils and availability of natural resources and energy. Download Download PDF. Social factors include health of the locals, public hospitality, and social development in terms of literacy. It can be referred to as per students convenience on their laptop and android devices and study whenever they want. hendikeps2 and 348 more users found this answer helpful. 1.3K answers. Economic growth is a quantitative factor that measures the total output or production. ii) National Income or Public facility. Important natural resources are land, minerals and oil resources, water, forests, climate, etc. (i) Supply of Natural Resources: ADVERTISEMENTS: The quantity and quality of natural resources play a vital role in the economic development of a country. Despite the possession of considerable natural, financial and human resources, the Middle East and North Africa (MENA) region suffers low economic growth rates, high unemployment rates, high poverty rates and high illiteracy rates.
Entrepreneurial motivation helps in entrepreneurship development. Hence, levels of manufacturing are a great determiner of a countrys development. Income and Other Criteria. To a large extent, factors such as where we live, the state of our environment, genetics, our income and education level, and our relationships with friends and family all have considerable impacts In contrast, economic development is the qualitative factor that emphasizes improving peoples living standards. And this consistency will lead to increased industrialization. Some of them are: The production level of a country The consumption level of a country The quantity and quality of natural resources The quantity and quality of public infrastructure The education of the general public Economic Development Textbook. Many factors combine together to affect the health of individuals and communities. Question 3. An increase in the rate of employment indicates an improvement in the standard of living. The theory of economic A short summary of this paper. (b) The average income in a country is the income of only employed people. Ans : Economic development means the rate of production is greater than the rate of increase of population and rate of growth of GDP is high enough to fulfill the basic needs of the people of the country. For example, let us (consider the system of marriage. It is investing labour and capital in innovation so that it can sustain its economic growth and reduce the risk involved in having a narrow economic base. Sociologists have found correlations between many social problems and poverty. 1. Definition and examples. Resources beneath land or underground resources include oil, natural gas, metals, and non-metallic minerals. (a) it is rich in humus. "Gross" means that all production is evaluated regardless of its goals. Economic development of a country can be determined by _____. Which of the following factor is not related to economic development? The solutions for Chapter 1 of Understanding Economic Development are given below.
Community economic development is based on two essential notions. Motivational Factors. Capital Formation 3. a branch of economics that focuses on improving the economies of developing countries. Human Development Index - HDI: The Human Development Index (HDI) was developed by the United Nations as a metric to assess the social and economic development levels of countries. In CBSE Notes Class 10 Economics Chapter 1, you will make a beginning in understanding the topic Development. Question 10: Write a paragraph on your notion of what should India do, or achieve, to become a developed country. Economic Growth is a narrower concept than economic development.It is an increase in a country's real level of national output which can be caused by an increase in the quality of resources (by education etc.
Community economic development is a branch of local economic development. saving and investment and inflow of foreign capital; (iii) Growth of population; (iv) Technological Progress; and We examine below each of these factors in turn. Important natural resources are land, minerals and oil 6. Viewed in terms of the differences and similarities factor in the education system, there are several key factors that lead to social changes that affect the change in the existing educational system in all countries. For instance, according to the World Bank, Costa Rica is one level lower than the US in terms of development. Read Paper.
Soil formed by intense leaching is. Cultural Factors: The cultural factors also play a role in bringing about social change. In the Heckscher-Ohlin model, relative factor endowments (labour, capital and natural Socio-economic class, also known as socioeconomic status and often abbreviated as SES, refers to how other factors, namely occupation and education, are combined with wealth and income to rank a person relative to others in society. Economic historians have pointed out the importance of a large middle class for economic development. Natural resources (those which are available as a free gift of nature) include land, water, minerals, fossil-fuel, forest products, wind and solar energy, etc. Economic factors as determinants of development include natural and human resources. The basic idea behind this is that development is based on the level of income of the residents of a country. Answer (d) All the above. 1. 12. Better education facilities for their children. Two basis for measuring development of a country are : i) Average Income or per capita income. economic development, the process whereby simple, low-income national economies are transformed into modern industrial economies. Socio-Economic Class . Economic development of an industry is also influenced by the confidence of general people on the industry, the economic state of a nation, and involvement of government in the industry. of high inequality), and economic development. Question 3. When people buy groceries, gasoline, and clothing, their lives improve. CBSE Class 10 Social Science Understanding Economic Development is a brilliant section of your Social Science syllabus. This section is entirely based on economics and the terms related to the economic development of a country. (c) The average income is the same as per capita income. Different countries of the world are classified according to their level of social and economic development.
Download Download PDF. Second, there is the literature on ethnic diversity and growth and development. Considering the correlation between the presence of democracy and human rights with economic development Z.Bazdan Economic Development 1. The other 20 countries are at lower levels of economic development. Economic and non-economic factors Important economists who have pointed out the existence of economic and non-economic factors and should be noted are Nobel prize winners G.Myrdall and A.Sen, also before them A.Marshall (Hodgson, 2005). Another major indicator of economic performance of a country is its rate of employment (Klasen & Lamanna, 2009). Answer: (1) Of course, for comparing economic development of countries, their income is considered to be one of the most important attributes. The existence of natural resources in abundance is essential for economic development. Motivation plays an important role in entrepreneurship development. Resources beneath land or underground resources include oil, natural gas, metals, and non-metallic minerals. Pick out the correct meaning listed below to define average income. (a) Average income of the country means the total income of the country. The quality and quantity of available human resource can directly affect the growth of an economy. Following are the various factors which affect economic growth of countries: 1. In CBSE Notes Class 10 Economics Chapter 1, you will make a beginning in understanding the topic Development. In higher classes, you learn further about development issues. Here in this chapter, you will find answers to many questions such as; what should a country be like? A Chinese mandarin and British country squire may each have enjoyed a standard of living which was closer to the other than it resembled that of their nation's peasantry. View solution > A country which possesses the characteristics of a modern technology is called _____.
The determinants of economic growth are inter-related factors influencing the growth rate of an economy. While human development is very much focused on the wellbeing of people, economic development covers a wide spectrum of social and economic factors. In an essay of at least two well-developed paragraphs, analyze four of the factors that can affect economic development in some countries. 7. These include economic, social, legal, technological and political factors. For example, what are the social and economic impacts of transportation changes brought about by global warming? New Zealand (7.307) 9. There are six major factors that determine growth with for of them been grouped under supply determinants and the other two are efficiency and demand. Question 9: From the text, find out the per capita income level of middle-income countries as per World Development Reports. Answer: Sri Lanka: $ 9779, India: $ 5497, Pakistan: $ 4866. A. health status of the people.
Sustainability of Development. The quality of human resource is dependent on its skills, creative abilities, training, and education. Resources on land include vegetation, aquaculture and terrain. This section is entirely based on economics and the terms related to the economic development of a country. Regional development is a complex process that can be analysed in various contexts, including environmental, social and economic factors. Factors That Determine a Nation's Standard of Living . Labor market characteristics; 2. Marxism also believe in class struggles as the basis of social development. The quality of natural resources available in a country puts a limit on the level of output of goods which can be attained. Low price food grains. Answer: The following can be the developmental goals of landless rural labourers. Human factors that affect population density include social, political and economic factors. In comparison, economic development reflects the real difference in an economy. Economic growth reflects the positive change in an economy. This has underpinned the economic development of the country.
Culturally determined characteristics include: the language spoken at home; religious observances; customs (including marriage customs that often accompany Climate can have a significant impact on development. The higher export rate will bring in more profits and ensure that the economy is consistently growing. How to Compare Different Countries or States? Although the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a countrys economy involving qualitative as well as quantitative improvements. Countries located in North Africa, in the Sahara and Sahel regions, face significant challenges including high temperatures, desertification and a lack of fresh water.
Therefore, the monthly unemployment rate report is one economic leading indicator that gives clues to demand for consumer goods. Economic Overview.
Industrial progress is an important indicator of the economic development of a country.
This is based on the understanding that more income means more of all things that human beings need. (b) it is rich in iron compounds. (c) it is derived from volcanic origin.
These factors include: 1. star. Economic development is the process by which emerging economies become advanced economies. The Role of Government- governments can influence farmers towards the form of land use they feel are most suited to It can greatly affect the economic growth of a country.
3.
Whether people are healthy or not, is determined by their circumstances and environment. Resources on land include vegetation, aquaculture and terrain. New York Times, Editorial, Mao's Great Leap to Famine, December 15, 2010. Objective: To determine if functional health literacy (FHL) mediates the relationship between socio-economic status, and perception of the risk of lifestyle behaviors for cancer. 1. Per capita income is generally treated as the indicator of development of a country.
The 50 countries for which we were able to develop a comparable measure of cognitive skill levels include the 30 democracies that have market economies and have been accepted as members of the OECD, most of which are at a relatively high level of economic development. Factor # 1. jd3sp4o0y and 4 more users found this answer helpful. NCERT Solutions for Class 11 Indian Economic Development; Class 10. Thanks 2. star. This Paper.
This book explains various factors like, health, education, food, per capita income, etc., that determine the development of a country. Natural resources include the fertility of soil, forestry, minerals, climate, water resources etc. B. Study Material and Notes of Ch 1 Development Class 10th Economics Topics in the Chapter Overview What Development Promises Different People, Different Goals. If the human resource of a country is well skilled and trained then the output would also be of high quality. In higher classes, you learn further about development issues. Public Facilities. The average number of years a person is expected to live in a specific country. Capital formation: It means investing in transport, irrigation, roads, electricity, technology etc. Marxism is a methodology that advocates for the struggling class, the proletariat against capitalists, unlike the economic determinism that allows those who are economically empowered to use their financial status to establish political rule over the working class. Methods: Cross-sectional, random population survey, 2824 people aged 15 years, September-October 2008, included newest vital sign measure of FHL. Variations in the levels of development are naturally observed across countries and regions, but they play a special role in trans-border regions. Conclusion. Development of a country can generally be determined by (i) its per capita income (ii) its average literacy level (iii) health status of its people (iv) all Limited financial resources with a lack of education can diminish social opportunities and restrict upward mobility. Similar questions. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. What is the opinion of Prof. Meier and Baldwin about economic development? 8.
4. Q 8. 217-18).
Students should also check NCERT Solutions for Class 10 for other subjects. The eighth economic factor that affects tourism is the social factors that have direct effects on the tourism industry. The quantity and quality of natural resources play a vital role in the economic development of a country. One of the most important and a simple measure of economic development among them is per capita income. The level of wages also affects consumer spending. Supply of Land and Other Natural Resources 2. Development of a country can generally be determined by the following factors (i) Per capita income: It is the average income generated by each person in a given group of people. In addition to policy changes and trends, environmental trends are worthy of study.
Business environment is therefore, the total of all external forces, which affect the organization and the business operations (Kotler & Armstrong 2004). That is why, the World Bank uses Per Capita Income to compare economic development. Food production, processing, and availability also can affect community-level measures, such as economic growth and social This is due to efficient health care systems, minimized corruption, high employment, and an overall higher standard of living compared to other parts of the world. NCERT Solutions for Class 10 Maths of a nation in terms of three important variables, namelylongevity, knowledge and standard of living, that determine the quality of life. The four supply factors are natural resources, capital goods, human Education . heart outlined. More days of work with better wages. Income and Other Goals.
