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Which is the most important attribute for comparing the development of countries ?
[2010, 2011 (T-1)]
  • a)
    Resources
  • b)
    Population
  • c)
    Average income
  • d)
    None of these
Correct answer is option 'D'. Can you explain this answer?
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Which is the most important attribute for comparing the development of...






Importance of Resources, Population, and Average Income in Comparing the Development of Countries


Resources:

Resources play a crucial role in the development of countries. Natural resources like minerals, water, and fertile land are essential for economic growth and sustainability. Countries with abundant resources have an advantage in terms of industrial development, trade, and overall prosperity.


Population:

The size and composition of a country's population are important factors to consider when comparing development. A large population can be a valuable resource for economic growth and innovation, but it can also strain resources and infrastructure. Population density, age distribution, and workforce skills are all key considerations in evaluating development.


Average Income:

Income levels are a key indicator of a country's development. Higher average incomes generally correlate with better living standards, access to education and healthcare, and overall quality of life. Disparities in income distribution within a country can also impact development and social stability.


Conclusion:

While all three factors - resources, population, and average income - are important in comparing the development of countries, none of them can be singled out as the most crucial attribute. A comprehensive analysis that takes into account various economic, social, and environmental indicators is necessary to accurately assess the development status of a country.



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Which is the most important attribute for comparing the development of...
Most important attribute for comparing the development of countries:


  • Introduction: When comparing the development of countries, various attributes play a significant role. However, one attribute that stands out as the most important is average income.

  • Average income: Here's why average income is the most important attribute for comparing the development of countries:


    • It reflects the economic well-being of the population and indicates the standard of living.

    • Higher average income signifies a higher level of economic development and the ability of individuals to afford basic necessities and luxuries.

    • It also indicates the presence of a developed job market and opportunities for employment and growth.

    • Higher average income levels often lead to better education, healthcare, and infrastructure, contributing to overall development.


  • Other attributes: While average income is the most important attribute, other factors such as resources and population also play a role in country development:


    • Resources: Natural resources like minerals, oil, and gas can contribute to a country's economic development and wealth.

    • Population: The size and demographics of a population can impact a country's development. A large and skilled workforce can drive economic growth, while a rapidly growing population may put pressure on resources and services.


  • Conclusion: While resources and population are important, average income emerges as the most crucial attribute for comparing the development of countries. It reflects the economic well-being, standard of living, and overall opportunities available to the population.

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Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. What is the main criterion used by the World Bank in classifying different countries?

Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. The compares the development of the countries on the basis of literacy rate, gross enrolment ratio and health status of their people.

Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. Per capita income is also called as

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Which is the most important attribute for comparing the development of countries ?[2010, 2011 (T-1)]a)Resourcesb)Populationc)Average incomed)None of theseCorrect answer is option 'D'. Can you explain this answer?
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