Question

What is development? Mention the two aspects of development.

Answer 1

Answer:

Development is a process that creates growth, brings in progress and positive change. Development is a healthy sign.

Two aspects of development are

• Economic growth or increase in people’s income.
• Social progress includes literacy, health and the provision of public services.

Noted Nobel prize winner Amartya Sen defined development as a tool enabling people to reach the highest level of their ability, through granting freedom of action, i.e., freedom of economic, social and family actions, etc.

Factors leading Economic Growth

• Human resources – Human resources are responsible for boosting the economic growth of a country. The rate of improvement in the skills and capabilities of a workforce ultimately increases the economic growth of a country.
• Infrastructure development– Improvements and increased investment in physical capital such as roadways, machinery, and factories will increase the performance of economic output by reducing the cost.
• Appropriate utilization of natural resources – Proper and judicious use of available natural resources like mineral deposits helps boost the productivity of the economy.
• Healthy population growth – An increase in the growth of the population will rise in the availability of more human resources which in turn will increase the output in terms of quantity. This is also an important factor that influences economic growth.
• Progress in technology – Advancement in technology will transform the economic growth of a country positively. The utilisation of advanced technology will result in enhanced productivity of labour and economic growth will advance at a lower cost.

Articles to explore

1. Development of a country can generally be determined by (1) it’s per capita income (2) its average literacy level (3) health status of its people (4) all the above
2. What is national development? What are the aspects covered under the national development?