Different people can have different goals . When may be development for one maybe not development for the other. It could be destruction for the other one. It is generally defined as growth some of the important goals are seeking for income equal treatment freedom security and respect from other need. Different people have different development goals one would consider earning more income being a common factor among people with this and come the services and goods for their daily needs.
Important Factors for a development of country are given below:-
Different notions of development:
Different people have different notions of development because life situations of persons are different and therefore their aspirations and desires and goals.
Importance of averages:
Since countries have different populations comparing total income does not tell us what an average person is likely to earn, hence we compare the average income which is the total income of the country divided by its total population. It is also called per capita income.
Criterion used by the World Bank as per World Development Report 2006, in classifying the countries. World Bank says that countries with the per capita income of Rs 4,53,000 per annum and above in 2004 are called rich countries and those with the per capita income of Rs 37,000 or less are called low-income countries.
India comes in the category of low income countries because its per capita income in 2004 was just Rs 28000 per annum. Rich countries excluding the countries of Middle-East and certain other small countries are generally called developed countries.
Key terms
- Development- Growth of economy along with the improvement in the quality of life of the people like health, education etc.
- Per capita income- Is the average income obtained as the ratio between National Income and Population of a country.
- National income- Is the money value of final goods and services produced by a country during an accounting year.
Human development Index:
It is a composite Index prepared by United Nations Development Programme (UNDP) through its Annual Human Development Report published every year. Major parameters such as longevity of life, levels of literacy and Per capita income are used to measure the development of countries.
Body Mass Index
(BMI) one way to find out if adults are is to calculate Body Mass Index. Divide the weight of a person (in kg) by the square of the height (in metres). If this figure is less than 18.5 then the person would be considered undernourished. If this BMI is more than 25, then a person is overweight.
Sustainable Development
It means development without hampering the Environment. It is the process of development that satisfies the present needs without compromising the needs of the future generation.
Income and other goals
Place where it would more income; there will be equal treatment among people; there would be freedom for everyone; job security for every people person facilities for family of every kind or from every class it relates with health and Security.
Concept of national development
Human development report 2006 published by UNDP, “Development is based on per capita income education level of the people but their health status as well. ”
Average income
Total income of the country divided by by its pop total population; it is also known as per capita income.
National income
Sum of value of final goods product within the country and income from foreign factors; are known as national income of a country.
Infant mortality rate
The number of children that die before the age of one year as a proportion of 1000 live children won in that particular year, that is known as infant mortality rate of a specific place.
Literacy rate
The proportion of literate population in the 7 and above age group the literacy rate of a particular place.
Net attendance ratio
The total number of children of age group 6 to 10 attending school as a percentage of total number of children in the school of same age group is said to be the net attendance ratio of a state.