What is development and growth explain …
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Yogita Ingle 5 years, 2 months ago
(i) Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc.
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(a) Different persons have different developmental goals.
(b) Income is a major component of development.
(ii) National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad.
(iii) When the total national income is divided by the total population, it is called the per capita income.
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