(i) IMR (ii) Literacy Rate (iii) NAR [CBSE Sept. 2010, 2011] (iii) Proper functioning of Public Distribution System. Q14. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining … [CBSE Comp. just create an account. Ambrosia, a small country in the Mediterranean region, has an agriculture-based economy. (iii) What is per capita income? (i) Health and Education. Plastic can be used instead of wood, for example. [CBSE 2013, 14] (v) (a) Because it has low infant mortality rate, (b) It has higher literacy rate. Not sure what college you want to attend yet? (i) More wages means development for a worker, but it can go against the entrepreneur. Study.com has thousands of articles about every A multitude of meanings is attached to the idea of development; the term is complex, contested, ambiguous, and elusive. What is the meaning of ‘Infant Mortality Rate ’ (IMR) ? Economic development, the process whereby simple, low-income national economies are transformed into modern industrial economies.Although the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a country’s economy involving qualitative as well as quantitative improvements.The theory of economic development—how … Give two main reasons for low IMR in Kerala. ‘ The report, produced by a commission led by Doctor Gro Harlem Brundtland uses the term sustainable development as we understand it today for the first time. (D) 2008] What are the development goals of the following : Define the term, ‘average income.’ [CBSE 2008, 2009 (D)] But the quality of our life also depends upon non-material things like equal treatment, freedom, security, respect of others, etc. The World Economic and Social Survey 2013 serves as a valuable resource as we look towards translating the outcome of Rio+20 into concrete actions. (ii) To have education, information and knowledge. Or [CBSE Sept. 2012] ‘Money cannot buy all the goods and services that one needs to live well.’ Explain. (iii) It is the process of enlarging people’s choices as well as raising the level of well¬being so that they can lead a purposeful and a creative life. (ii) National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad. (iii) Under national development, countries focus more on social infrastructure which includes education, health and other social services. (ii) What is national income ? - Definition & Examples, What is Social Change? Did you know… We have over 220 college (1) Of course, for comparing economic development of countries, their income is considered to be one of the most important attributes. (ii) Through Democratic political process. “Average income is an important criterion for development.” Explain. (iv) Money possessed by an individual even can not provide us a type of government which take decisions for the welfare of the common people. Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. What is the significance of Human Development Index ? But this may submerge the agricultural land, and disrupt the lives of the people. Ans. True or false? What is the Difference Between Blended Learning & Distance Learning? We should consider not only growth but also what exactly is produced—and at what economic and environmental costs. True or False? first two years of college and save thousands off your degree. Features Q.1. They also argue that since prices are a good indication of resource scarcity, there is no sustainability problem because the prices for natural resources have been fairly stable. - Factors of the Human Impact on the Environment, Supply-Side Economics in Fiscal and Monetary Policy, What Is Industrial Ecology? Earn Transferable Credit & Get your Degree, Sustainable Development: Definition, Obstacles & Impact, Environmental Sustainability: Definition and Application, Urban Sustainability: Definition & Issues, Cradle to Grave: Definition, Analysis & Approach, What is Economic Development? Sustainable Development is that process of economic development which aims at maintaining the quality of life of both the present and the future generations without harming the natural resources and environment. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. Ans. (b) Quality education for the children. (i) Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc. What is PCI ? WHAT ARE THE SUSTAINABLE DEVELOPMENT GOALS? Ans. Ans. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be … (ii) Literacy Rate measures the proportion of literate population in the 7 years and above age group. ‘Human development is the essence of social development.’ Explain. That is why, the World Bank uses Per Capita Income to compare economic development. (2) Apart from income, educational levels of the people and their health status are considered as measures to compare economic development of a nation. [CBSE 2013, 14] (iv) Enjoying basic fundamental rights like freedom, security, education, etc. Despite its enormous popularity in the last two decades of the 20th century, the concept of sustainable development proved… 's' : ''}}. ‘ Log in here for access. The sustainable growth rate is the maximum growth rate achievable over an extended period of time. (i) Under national development, a country uses its resources in a fair and just way. The argument presupposes that technology will always find a solution, which is not necessarily the case. (iu) For development, people look at mixed goals. (iii) Income is the most important component of development, but along with income, people also seek equal treatment, good health, peace, literacy, etc. Development economics is a branch of economics whose goal is to better the fiscal, economic, and social conditions of developing countries. Developers pass it on to property owners, who pass it on to tenants. Ans. Uses : Examples of this include the post-2015 sustainable development agenda and the concept of inclusive g… National development is a comprehensive term which includes improvement in living standard of the people, increase in per capita income, providing social amenities like education,medical care, social services, etc. flashcard set{{course.flashcardSetCoun > 1 ? Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests. Q.12. [CBSE 2010] What are the limitations of the per capita income criteria of development ? - Definition, Methods & Examples, The Gordon Growth Model: Formula & Examples, College Macroeconomics: Homework Help Resource, Biological and Biomedical (b) Health status (c) Per capita income. (iii) Average income is used to make economic policies. The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. (iii) What is meant by Human Development ? [CBSE Sept. 2011 ] [CBSE2009 (F) Sept. 2010] Traditional economics argues that the economic well-being of a society requires continual economic growth and that worrying about the environment hinders economic growth. Q.10. The company maintains a constant 40 percent dividend payout ra, Plank's Plants had net income of $3,000 on sales of $60,000 last year. The idea is to promote the use of those resources in a way that is both efficient and responsible, and likely to provide long-term benefits. (ii) Per capita income criteria takes into account only the economic aspect of life and ignores the social, aspect of life. Create an account to start this course today. 38. We can't harvest timber if we are concerned about owls, for example. Find out who sponsors economic development and … (iv) Why has Kerala a higher Human Development Index than Punjab in spite of low per capita income ? Mention any three major indicators of / HDR. The extraction and depletion of natural resources, as well as pollution and permanent changes made to the landscape, are caused by economic activities and can do harm to the environment. Mention any four characteristics of development. Sciences, Culinary Arts and Personal Q.6. In reality it came about due to the overriding need to study and identify the impact human activity has on the environment, something completely necessary and which does date back to some years earlier. credit-by-exam regardless of age or education level. (i) It is used to compare different countries. (iii) It is all about the enlarging or widening the choices for the people. Q.15. (ii) Under this only those programmes and policies are implemented which would benefit a large number of people. Select a subject to preview related courses: Another fatal flaw in the traditional economic argument is that it ignores the fact that you still need natural resources to produce the manufactured goods the traditional economists argue can replace natural resources. (O) 2008] In a green economy, growth in employment and income are driven by public and private investment into such economic activities, infrastructure and assets that allow reduced carbon emissions and pollution, enhanced energy and resource efficiency, and prevention of the loss of biodiversity and ecosystem … What is national development? Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. Q-11. (Round to 2 decimal places). ECONOMIC SUSTAINABILITY Sustainability focusses on equal economic growth, that generates wealth for all, without harming the environment. (b) Income is a major component of development. [CBSE 2012] (iv) Mention two developmental goals of landless rural labourers. They also point out that growth and well-being don't necessarily coincide. A large majority of traditional economists don't believe sustainability is a problem. [CBSE Sept. 2012] (D) 2008, 2009 (F), Sept. 2011], NCERT Solutions for Class 10 Foundation of IT, NCERT Solutions for Class 10 Science Chapter 1, NCERT Solutions for Class 10 Science Chapter 2, Periodic Classification of Elements Class 10, NCERT Solutions for Class 10 Science Chapter 7, NCERT Solutions for Class 10 Science Chapter 8, NCERT Solutions for Class 10 Science Chapter 9, NCERT Solutions for Class 10 Science Chapter 10, NCERT Solutions for Class 10 Science Chapter 11, NCERT Solutions for Class 10 Science Chapter 12, NCERT Solutions for Class 10 Science Chapter 13, NCERT Solutions for Class 10 Science Chapter 14, NCERT Solutions for Class 10 Science Chapter 15, NCERT Solutions for Class 10 Science Chapter 16, CBSE Previous Year Question Papers Class 12, CBSE Previous Year Question Papers Class 10. Economic progress without damage to ecosystems. (iu) To get more electricity, the industrialists may want more dams. To unlock this lesson you must be a Study.com Member. (iii) Net Attendance Ratio : This is the total number of children of age group 6-10 attending school as a percentage of total number of children in the same age group. (iii) There are many facilities like schools, colleges, parks, hospitals which an individual cannot afford. Ans. [CBSE Sept. 2011] PCI is Per Capita Income. {{courseNav.course.mDynamicIntFields.lessonCount}} lessons Per Capita Income = National Income / Population, Q.2. 6.84 percent C. 7.12 pe. In recent years, a decline in global trade barriers has led to a massive increase in agricultural production in, Working Scholars® Bringing Tuition-Free College to the Community. An important point to emphasise is that development is a political term: it has a range of meanings that depend on the context in which the term is used, and it may also be used to reflect and to justify a variety of different agendas held by different pe… You'll also have a chance to take a short quiz after the lesson. 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