1. There are many definitions and theories of development, with no single agreed upon perspective. Development can refer to both a state and a process of economic and social change over time.
2. Michael Todaro defined development as a multi-dimensional process involving reorganization of economic and social systems to improve living standards, self-esteem, and freedom of choice for all people.
3. Different perspectives on development, such as economic growth, modernization, and distributive justice, emphasize different aspects like commodity output, social change, and meeting basic human needs.