DEVELOPMENT
-The development is a vast term which includes economic development, good goveranace , reducing poverty illitercy etc
-The mean of development is different for different people
For rich farmer for landess labour for big business people
High family income with more days of work and it means high profits from
Support of crops better family income business
#different people can have different goals, people can also have conflicting goals
Income and goals
People can have mixed goals-
Materialistic goals- income, money
Non-materialistic goals- respect, education, safety
#taking into consideration your demographic profile. For eg gender , economic status and profession,
What does development means?
#NATIONAL DEVELOPMENT
It is ability of a nation to improve lives of the citizens
It can be in field of agriculture, education, health etc
Ques. How countries development compared ?
*Countries are classified on the basis of –
Country total income = total earning of people who are earning
[CLASSIFICATION OF COUNTRIES ON THE BASIS OF INCOME]
Role of World Bank
-Gives the classification of countries on the basis of average income or per capita income
-This calculation is done on basis of money earned by per person in specific area of certain year
Average income or Per capita income= total income of country/total population
World Bank states that
-countries with total income of US$12056 per year and above in 2017 are called rich countries
-countries with total income od US$955 or less in 2017 are called low income countries
-The development is a vast term which includes economic development, good goveranace , reducing poverty illitercy etc
-The mean of development is different for different people
For rich farmer for landess labour for big business people
High family income with more days of work and it means high profits from
Support of crops better family income business
#different people can have different goals, people can also have conflicting goals
Income and goals
People can have mixed goals-
Materialistic goals- income, money
Non-materialistic goals- respect, education, safety
#taking into consideration your demographic profile. For eg gender , economic status and profession,
What does development means?
#NATIONAL DEVELOPMENT
It is ability of a nation to improve lives of the citizens
It can be in field of agriculture, education, health etc
Ques. How countries development compared ?
*Countries are classified on the basis of –
Country total income = total earning of people who are earning
[CLASSIFICATION OF COUNTRIES ON THE BASIS OF INCOME]
Role of World Bank
-Gives the classification of countries on the basis of average income or per capita income
-This calculation is done on basis of money earned by per person in specific area of certain year
Average income or Per capita income= total income of country/total population
World Bank states that
-countries with total income of US$12056 per year and above in 2017 are called rich countries
-countries with total income od US$955 or less in 2017 are called low income countries
