Here are some important Class 10 Economics Chapter 1 Development. This chapter aims to provide a clear understanding of economic development within our economy. It recognizes that the concept of development or progress has long been a fundamental human aspiration. People have their own desires and dreams about how they want to live and what they want to achieve. Similarly, nations have their own visions of what they should strive to become. In this context, students will explore and comprehend the diverse aspects of development that a country requires for its growth and improvement.
In Class 10 Economics Development chapter, students will embark on an exploration of the concept of 'Development.' This chapter serves as a foundational introduction to key questions related to development, encompassing the ideal state of a country, fundamental requirements, prospects for enhancing living conditions, principles of coexistence, and the pursuit of greater equality. It's crucial to note that these answers extend beyond the confines of Economics.
Sri Lanka does better than India in terms of human development among neighbours
The Human Development Index (HDI) is a statistical tool used to measure a country's overall achievement in its social and economic dimensions.
The per capita income is calculated by dividing the total income of the country by the population of the country.
The three ways to improve health and nutritional status of people in India are given below :
(i) Eat healthy food daily, keep your body healthy.
(ii) When we eat fruits check whether it is clean or not. If you eat unclear fruits you will suffer from disease.
(iii) Eat daily some vitamin C rich fruits like grapes, apples, oranges etc.
The World Bank classifies the whole globe as a rich or poor country. The World bank works on the basis of average income or per capita income of the particular country to be declared as poor or rich. Any country having more than or equal to 45,3000 per annum in the year 2004 is classified as a rich country and less than or equal to 37000 per annum is called a low income country or a poor country.
(i) They use per capita income to classify but it hides disparities like two countries may have equitable distribution. In other countries, it may be possible that most of the citizens are poor while very few of them are extremely rich.
(ii) More income can not always ensure a good quality of life. Freedom, equality and equal opportunities are necessary for the same.
To enhance students' comprehension of the chapter's concepts and foster a comprehensive understanding, oswal.io offers a diverse range of questions thoughtfully designed to enrich their engagement with the subject matter.
Ans: Development is a process that creates growth, brings in progress and positive change. Development is a healthy sign. Two aspects of development are. Economic growth or increase in people's income. Social progress includes literacy, health and the provision of public services.
Ans: National income is the total value of goods and services produced by a country during a financial year, representing the net result of all economic activities within that country for a one-year period, and it is typically measured in monetary terms.
Ans: GDP or Gross Domestic Product is the total value of all final goods and services produced during a particular year in a country.
Ans: Human Development Index is a composite index of achievements of a nation in terms of three important variables, namely—longevity, knowledge and standard of living, that determine the quality of life..
Ans: This signifies that the level of economic development of a country should be maintained or sustained in all the years. Development in the present should not compromise with the needs of the future generations.