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What are the two bases of measuring economic development of a country?

Posted by Mayank Modi 2 years, 10 months ago

CBSE > Class 10 > Social Science

2 answers

Rdm 😈 2 years, 10 months ago

Average income and gross domestic product ( GDP)

0Thank You

G Vishwas 2 years, 10 months ago

GNP, as well as GDP, are the measuring factors for economic development of a nation. Increase in both of these ensures that the larger availability of the good and services in that country. If this supports the standard of living of the people than it increases the economic conditions of the nation.

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