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Explain economical development

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Explain economical development

Posted by Iris Kerketta 6 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 9 months ago

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 fulfill 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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