Development Class 10 Notes Economics Chapter 1

What are Development ?

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Development is defined as a situation in which all the aspirations of people get fulfilled.


1. Development: Development is defined as a situation in which all the aspirations of people get fulfilled.	6. Public Facilities: Public facilities refer to collective utilities or facilities provided by government to the people. They are important to sustain and lead comfortable life.
2. Per Capita Income: The per capita income of a country is an average income that refers to total income per person of a country. It is calculated by dividing the total income of a country by its total population.	7. HDI: HDI or Human Development Index is calculated by United Nations Development Programme (UNDP) to rank countries on the basis of development.
3. Infant Mortality Rate (IMR): It is the number of children who die before attaining the age of one year per 1000 live births in a particular year.	8. Sustainable development: Sustainable develop-ment refers to attaining the present economic objectives without harming the natural resources and environment.
4. Literacy Rate: Literacy Rate measures the proportion of literate population in the 7 and above age group.	9. Renewable resources: Renewable resources are those resources which are generally replenished by nature.
5. Net Attendance Ratio: Net Attendance Ratio is the total number of children of age group 14 and 15 years attending school as a percentage of total number of children in the same age group.	10. Non-renewable resources: Non-renewable resources are those resources which are not replenished by nature.