1. DEVELOPMENT
Development encompasses a variety of aspects, including economic growth, quality of life, and environmental sustainability. The chapter explores various perspectives on development, emphasizing that individuals and communities have different goals and aspirations regarding their progress. It highlights the limitations of using income alone as an indicator of development and introduces alternative measures, such as health and education, underscoring the importance of collective resources in promoting well-being.
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What we have learnt
- Development is multi-faceted and varies based on individual perspectives and needs.
- Income alone is an inadequate measure of development; health and education are crucial factors.
- Sustainability of development is essential to ensure resources for future generations.
Key Concepts
- -- Per Capita Income
- Total income of a country divided by its total population, used as an indicator of economic health.
- -- Human Development Index (HDI)
- A composite statistic of life expectancy, education, and per capita income indicators, used to rank countries into four tiers of human development.
- -- Sustainability
- The ability to maintain resources in a way that meets present needs without compromising the ability of future generations to meet their needs.
- -- Quality of Life
- The general well-being of individuals and societies, encompassing economic, social, and environmental factors.
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