The document discusses the differences between economic growth and economic development. It states that economic growth is a narrower concept, measured by increases in GDP, while economic development is normative and focuses on improving living standards, self-esteem, freedom from oppression, and choice. It introduces the Human Development Index as the most accurate measure of development, taking into account literacy, life expectancy, and standard of living. Economic development leads to greater opportunities and productivity, while economic growth does not consider issues like depletion of resources and sustainability.
Environmental Economics is the branch of study showing inter disciplinary link between environment and economics and also establishes the inter dependency of both in influencing society.
Economic growth||development||gjergj kol mihilliGjergjmihilli
Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the warp effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure
Environmental Economics is the branch of study showing inter disciplinary link between environment and economics and also establishes the inter dependency of both in influencing society.
Economic growth||development||gjergj kol mihilliGjergjmihilli
Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the warp effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure
It described, how do we measure development. Various development indicators. HDI, GDP, GNP etc. Where India stands in HDI. the comparison among developed nations and among SAARC nations.
Characteristics of underdeveloped economiesGeorgi Mathew
discussing the features of under developed or developing countries with special reference to India. helpful for school and college who try to understand the characteristics of Indian economy from the angle of developing economy.
It described, how do we measure development. Various development indicators. HDI, GDP, GNP etc. Where India stands in HDI. the comparison among developed nations and among SAARC nations.
Characteristics of underdeveloped economiesGeorgi Mathew
discussing the features of under developed or developing countries with special reference to India. helpful for school and college who try to understand the characteristics of Indian economy from the angle of developing economy.
e terms economic development & economic growth are often understood as referring to the economic progress of a country. These are taken as pointers of higher standard of living and better quality of life. However, the perception of economist in this regard is quite different.
The Human Development Index (HDI) is an indicator created by the United Nations Development Program (UNDP) in order to determine the level of development of the countries of the world.
This short presentation is meant to inform the general public of the challenges of global development. It starts by defining key concepts such as what is meant by a country's development level, the necessary conditions for sustainable development, how to compare the levels of development through the GDP/GNP, and why is the population growing despite a decreasing birth rate. Finally, recommendations are made in terms of how to finance the post-2015 development agenda. These are the result of the international development conference held in Addis Ababa, Ethiopia in July 2015. This digital artefact is available through the following link:
Hope you Enjoy!
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
2. Economic Growth is a narrower concept than
economic development. It is an increase in a
country's real level of national output which can be
caused by an increase in the quality of resources (by
education etc.), increase in the quantity of resources
& improvements in technology or in another way
an increase in the value of goods and services
produced by every sector of the economy. Economic
Growth can be measured by an increase in a
country's GDP(gross domestic product).
3. Economic development is a normative concept i.e.
it applies in the context of people's sense of morality
(right and wrong, good and bad). The definition of
economic development given by Michael Todaro is
an increase in living standards, improvement in self-
esteem needs and freedom from oppression as well
as a greater choice.
4. The Human Development Index (commonly
abbreviated HDI) is a summary of human
development around the world and implies whether a
country is developed, still developing, or
underdeveloped based on factors such as life
expectancy, education, literacy, gross domestic
product per capita. The results of the HDI are
published in the Human Development Report, which
is commissioned by the United Nations
Development Program(UNDP) and is written by
scholars, those who study world development and
members of the Human Development
Report Office of the UNDP.
5. According to the UNDP, human development is
“about creating an environment in which people can
develop their full potential and lead productive,
creative lives in accord with their needs and
interests. People are the real wealth of nations.
Development is thus about expanding the choices
people have to lead lives that they value.”
6.
7. In the year 1990 the United Nations Development
Programme in its first Human Development Report
introduced the concept of Human Development Index.
It is the cumulative measurement of:
(a) Longevity
(b) Knowledge
(c) Decent Standard of Living.
8. (a) Longevity: It shows the life expectancy. It is a choice
to live long and healthy life.
(b) Knowledge: It is a choice to acquire literacy,
education, information, etc. It is measured by the literate
percentage in ratio with the total population. The literacy
rate may be compared in the primary, secondary and
tertiary levels.
(c) Decent standard of life: It is a joy to enjoy a quality
and standard life. It depends upon the purchasing power
of the people and the per capita income of the people
etc.
The rank of a country is determined by the overall
developments in these three basic dimensions of human
developments. ADI ranks countries, in relation to each
other to tell them how for a country has travelled and how
for yet it has to travel in the part of Human Development
9. The most accurate method of measuring
development is the Human Development Index
which takes into account the literacy rates & life
expectancy which affect productivity and could lead
to Economic Growth. It also leads to the creation of
more opportunities in the sectors of education,
healthcare, employment and the conservation of the
environment. It implies an increase in the per capita
income of every citizen.
10. Difference between economic growth and
economic development.
Economic Growth does not take into account the
size of the informal economy. The informal economy
is also known as the black economy which is
unrecorded economic activity. Development
alleviates people from low standards of living into
proper employment with suitable shelter. Economic
Growth does not take into account the depletion of
natural resources which might lead to pollution,
congestion & disease.
11. Development however is concerned with
sustainability which means meeting the needs of the
present without compromising future needs. These
environmental effects are becoming more of a
problem for Governments now that the pressure has
increased on them due to Global warming.
12. Basis Economic Development Economic Growth
Economic development implies
changes in income, savings and
investment along with progressive
changes in socio-economic
structure of country (institutional
and technological changes).
Economic growth
refers to an increase
in the real output of
goods and services
in the country.
Factors:
Development relates to growth of
human capital indexes, a decrease
in inequality figures, and structural
changes that improve the general
population's quality of life.
Growth relates to a
gradual increase in
one of the components
of Gross Domestic
Product:
consumption,
government spending,
investment, net
exports.
13. Basis Economic Development Economic Growth
Measurement:
Qualitative.HDI (Human
Development Index),
gender- related index
(GDI), Human poverty
index (HPI), infant
mortality, literacy rate etc.
Quantitative.
Increase in real GDP.
Shown by PPF.
Concept: Normative concept
Narrower concept
than economic
development
14. Basis Economic
Development
Economic Growth
Effect:
Brings qualitative and
quantitative changes in the
economy
Brings quantitative changes
in the economy
Relevance:
Economic development is
more relevant to measure
progress and quality of life in
developing nations.
Economic growth is a more
relevant metric for progress
in developed countries. But
it's widely used in all
countries because growth is a
necessary condition for
development.