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Development (1) Class 10 Economics in English - Ajeet Sir Video Lecture

FAQs on Development (1) Class 10 Economics in English - Ajeet Sir Video Lecture

1. What is development in economics?

Ans. Development in economics refers to the process of improving the standard of living and well-being of individuals and societies. It involves economic growth, which is the increase in the production of goods and services, as well as social progress, which includes improvements in education, healthcare, infrastructure, and other aspects of human development.

2. How is economic development measured?

Ans. Economic development is measured using various indicators such as gross domestic product (GDP), which represents the total value of goods and services produced in a country. Other indicators include per capita income, poverty rates, literacy rates, life expectancy, and access to basic amenities like clean water and sanitation. These indicators help assess the overall progress and well-being of a nation.

3. What are the different types of development?

Ans. There are different types of development, including economic development, social development, and sustainable development. Economic development focuses on increasing the production and consumption of goods and services, while social development emphasizes improvements in the quality of life, such as education, healthcare, and social welfare. Sustainable development aims to meet the needs of the present generation without compromising the ability of future generations to meet their own needs.

4. What are the main factors that contribute to economic development?

Ans. Several factors contribute to economic development, including investment in physical capital, such as infrastructure and machinery, as well as human capital, which involves education and skill development. Technological progress, access to financial resources, political stability, and favorable government policies are also important factors. Additionally, factors like natural resources, trade, and innovation play a significant role in economic development.

5. What are the challenges in achieving sustainable development?

Ans. Achieving sustainable development faces challenges such as environmental degradation, climate change, poverty, inequality, and limited resources. Balancing economic growth with environmental protection, reducing greenhouse gas emissions, promoting social equity, and ensuring access to basic services for all are some of the major challenges. International cooperation, effective policies, and sustainable practices are crucial in addressing these challenges and achieving sustainable development goals.

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Sep 21, 2025 Last updated

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