Understanding Economic Development: Concepts and Measures
Economic development goes beyond just economic growth and encompasses social and monetary progress. It involves factors like job creation, technological advancements, standard of living, per capita income, and more. Measurements include GNP, GNP per capita, welfare, and social indicators. Development focuses on improving the overall well-being and quality of life for the citizens of a country, not just economic indicators like GDP per capita.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
* CONCEPT AND MEASURES OF DEVELOPMENT DEVELOPMENT
To understand the term economic development To analyze the difference between economic growth and economic development To know the ways of measurement of economic development *LEARNING OBJECTIVES
Economic development is a wider concept than economic growth. reflects social and monetary advancement and requires economic growth. Growth is an indispensable condition for development, but it is not a complete condition as it cannot ensure for development. Development and fundamental *INTRODUCTION
Economic through which the overall health, well being and academic level of the population of a country improves. It is a qualitative variable which is concerned with the life of citizens of a country appropriately measured Development Index(HDI). development is a way by and by is most Human *Contd
The overall development of a country is based on various factors such as the creation of job opportunities, technological advancements, standard of living, living conditions, per capita income, quality of life, improvement in self-esteemed needs, GDP, industrial development, etc. and infrastructural *Contd
* DIFFERENCE BETWEEN ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT
Economic Development is measured in four ways: 1)Gross National Product 2)GNP Per Capita 3)Welfare 4)Social Indicators *MEASURES OF DEVELOPMENT
*As cumulative expansion in the industrial area there by leading to higher per capita income. *Development looks at more variables than only GDP per capita. Development is related with how people are actually affected. It focus on the actual living standards and the freedom they have to enjoy a good standard of living. development gains speed it leads to *Conclusion
