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Give the meaning of economic development. What are the two indicators to measure the development of a country?
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Give the meaning of economic development. What are the two indicators ...
Economic development means the rate of production is greater than the rate of increase in population and the rate of growth of GDP is high enough to fulfil the basic needs of the population. 

Two bases of measuring development of a country are :
(i) Average or per capita income.
(ii) National income and public facilities.
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Most Upvoted Answer
Give the meaning of economic development. What are the two indicators ...
Increase in the economy of a country for a longer period of time is refers to as economic development. Per capita income, Literacy rate, Infant mortality rate, Medical facilities, Net attendence ratio can be used to measure the development of a country.
Community Answer
Give the meaning of economic development. What are the two indicators ...
Economic means on the basis of per capita income,infant mortality rate , life expectancy,etc.it is measure in two way that is on the basis of per capita income by the world bank and HDI by the UNDP
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Read the given extract and answer the questions that follows:If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorship in this respect. When we find such significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.Answer the following MCQs by choosing the most appropriate options:Q. Which development depends on country's population, size, global situation and co-operation from other countries?

Read the given extract and answer the questions that follows:If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorship in this respect. When we find such significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.Answer the following MCQs by choosing the most appropriate options:Q. Between Democracies and Dictatorships, who had slightly higher rate of economic growth?

Read the given extract and answer the questions that follows:If democracies are expected to produce good governments, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied in economics, economic development depends on several factors: country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorship in this respect. When we find such significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.Answer the following MCQs by choosing the most appropriate options:Q. What is meant by economic inequality?

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Give the meaning of economic development. What are the two indicators to measure the development of a country?
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