Revision Notes for Class 10 Social Science
Economics Chapter 1 – Development
What Development Means - Different Goals for Different People
Development goals can vary widely among individuals. What one person views as progress
may not be seen the same way by another and could even be detrimental to someone else.
1. Introduction
• Developmental goals of any particular idea vary from person to person.
• Apart from personal development, we should definitely think of a country's
development.
• Development is defined as the people’s economic growth, along with the growth of
their basic needs like education, health, lifestyle, etc.
• The main aim of development is to update as per the demand of time.
• For example: to generate electricity, a dam is constructed over a river where nearby
mass is considered for construction resulting in the development of society and country.
• It causes destruction for farmers and the lives of people living nearby.
2. Income and other goals
• Money is considered to be the basic need of people and to fulfil their daily requirements
making money or income is very important.
Class X Social Science www.vedantu.com 1
, • Money is required to buy materialistic things as well as freedom, security, treatment,
respect to maintain a quality lifestyle.
• Hence, developmental goals are necessary to get a better income and other things in
life.
3. National Development
• It is defined as a country’s ability to enhance the living standards of its residents.
• For people, belief in nations' development is different.
• Improvement in people’s living standards, providing basic things to citizens like food,
education, social service, medical aid, etc, and increase in per capita income, is referred
to as National development.
4. How can you differentiate different countries or states?
• Income is a key feature to compare countries.
• Countries that have higher income are called developed countries and vice versa.
• The income of a country is about the income of the citizens of that country.
• National income: it is the sum of the total value of the country’s goods and services
produced in a year. As every country has a different population rate, so National income
cannot be considered to compare between different countries.
• Per capita income: it is also called average income, defined as a country's total earnings
divided by the whole population. It shows the living standard of the citizens of the
country.
Class X Social Science www.vedantu.com 2
Economics Chapter 1 – Development
What Development Means - Different Goals for Different People
Development goals can vary widely among individuals. What one person views as progress
may not be seen the same way by another and could even be detrimental to someone else.
1. Introduction
• Developmental goals of any particular idea vary from person to person.
• Apart from personal development, we should definitely think of a country's
development.
• Development is defined as the people’s economic growth, along with the growth of
their basic needs like education, health, lifestyle, etc.
• The main aim of development is to update as per the demand of time.
• For example: to generate electricity, a dam is constructed over a river where nearby
mass is considered for construction resulting in the development of society and country.
• It causes destruction for farmers and the lives of people living nearby.
2. Income and other goals
• Money is considered to be the basic need of people and to fulfil their daily requirements
making money or income is very important.
Class X Social Science www.vedantu.com 1
, • Money is required to buy materialistic things as well as freedom, security, treatment,
respect to maintain a quality lifestyle.
• Hence, developmental goals are necessary to get a better income and other things in
life.
3. National Development
• It is defined as a country’s ability to enhance the living standards of its residents.
• For people, belief in nations' development is different.
• Improvement in people’s living standards, providing basic things to citizens like food,
education, social service, medical aid, etc, and increase in per capita income, is referred
to as National development.
4. How can you differentiate different countries or states?
• Income is a key feature to compare countries.
• Countries that have higher income are called developed countries and vice versa.
• The income of a country is about the income of the citizens of that country.
• National income: it is the sum of the total value of the country’s goods and services
produced in a year. As every country has a different population rate, so National income
cannot be considered to compare between different countries.
• Per capita income: it is also called average income, defined as a country's total earnings
divided by the whole population. It shows the living standard of the citizens of the
country.
Class X Social Science www.vedantu.com 2
