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Economic Development – Meaning And Indicators

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EconomyCommerce | Reference Notes
Economic Development – Meaning And Indicators
For: Management | Economic Class 11

Economic development implies the progressive changes in socio-economic structure of a country. In other words, economic development is a process of changing poor people and nation to an advanced living standard, better health, better education, increase in per capita income, etc. economic development brings social, institutional and organizational change of a country. Economic development shows the changes with economic growth. Thus, economic development = Economic growth + changes.

Learning Objectives of This Chapter

  • Able to define economic development and state the core values of development.
  • Identify the indicators of economic development.
  • Understand and describe the meaning and characteristics of developing countries.

This Topic is divided into following sub topic, please open and read all.

  1. Meaning of Economic Development and Growth
  2. Characteristics of Developing Countries
  3. Indicators of Economic Development
Posted By : Hari Prasad Chaudhary | Comment RSS | Category : Class XI, HSEB Notes
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