Economics

Though the Level of Income Is Important, It Is Not an Inadequate Measure of Development. Justify the Statement.

It is true to say that the level of income is also an important criterion for comparing the countries because it helps in fulfilling the greater demands of the people. Higher income countries are more developed than the lower income countries. But just the level of income is not a useful criterion. Along with it …

Though the Level of Income Is Important, It Is Not an Inadequate Measure of Development. Justify the Statement. Read More »

What May Be the Development for One May Be the Destruction for the Other. Explain the Statement With Appropriate Examples.

It is true to say that what may be the development for one may be the destruction for the other. Sometimes the developmental goals of people may be conflicting in nature and prove destructive for others. For example, a. Construction of dam could be a development goal for the industrialist but it is a conflicting …

What May Be the Development for One May Be the Destruction for the Other. Explain the Statement With Appropriate Examples. Read More »

Average income is important but it has limitations while using it. Explain.

Income is also an important criterion for comparing the countries because it helps in fulfilling the greater demands of the people. Higher income countries are more developed than the lower income countries. But it has limitation too. Average income hides the disparity. Average income does not tell us the distribution of income among the people. …

Average income is important but it has limitations while using it. Explain. Read More »

How Is the Issue of Sustainability Important for Development? Explain With Three Examples.

Development, at present, without harming the environment and also keep it safe for the future generation is termed as sustainable development. Groundwater, which is a renewable resource, is getting depleted because of its overuse. People are facing problem of water crisis due to its indiscriminate use. The development emerged from the fast industrialisation leads to …

How Is the Issue of Sustainability Important for Development? Explain With Three Examples. Read More »