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Economic development

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  • 1. Development indicators• Development indicators indicates the level of development attained by the countries in terms of living standards.• There are different parameters to measure the level of development….
  • 2. GDP per capita• GDP per capita is the average income per person.But this figure does not tell us:• What people can buy with their income.• Access to health and education.• Distribution of income.• Political and cultural freedom etc.
  • 3. Population on less than $1 per day• It measures the level or extent of poverty.• Level of malnutrition, numbers of underweight children, people living in slums also gives us more pictures on poverty.
  • 4. Life expectancy at birth• It tells us the longevity of life.• It shows the conditions of healthcare and access to good food.• In developed countries ,it is 75 years while it is only 66 years in developing countries.
  • 5. Adult literacy rate• The proportion of the adult population that is able to read and write.
  • 6. Access to safe water supplies and sanitation• Clean water is a necessity.• Clean water and clean sanitation prevents the spread of diseases.• In 2004;• Only 50% have accessibility to good sanitation• 80% safe and sustainable water source.
  • 7. Ownership of consumer goods• Ownership of consumer goods like washing machines, cars, telephones and personal computers also shows the development.
  • 8. Proportion of workers in agriculture• In developing countries, most of the people are depended on agriculture, while in developed countries industry and service sectors play a vital role.
  • 9. Human Development Index• It is a measure developed by UNDP.• It is a combined measure of development indicators.• It combines:• Gross Domestic Product per capita.• Adult literacy rates and school and college enrollment rates.• Life expectancy at birth.