Question

Write any two indicators of Development.

Answer 1

development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base. It is the increase in the growth and welfare of people, improvement of quality.

1. Per Capita Income:

The most important indicator of economic underde­velopment is low per capita income. Usually, an LDC is defined as one in which per capita real income is low when compared with that of USA, Canada, Australia and Western Europe. Statistical studies show low-in- come countries are much poorer than advanced countries like the USA.

2. Poverty:

The second important indicator of economic underdevelop­ment is poverty. Not only per capita income is low, there is inequality in the distribution of income. Many people in LDCs do not get the minimum level of income necessary for a minimum caloric intake are said to be living below the poverty line. In India it is 25% at present.