The first chapter in Economics textbook is 'Development'. Different people have different notions of development because life situations of persons are different and therefore their aspirations and desires and goals.
Key terms:
Development
Growth of economy along with the improvement in the quality of life of the people like health, education etc.
Per capita income
It is the average income obtained as the ratio between National Income and Population of a country.
National income
It is the money value of final goods and services produced by a country during an accounting year.
Sustainable Development
It means development without hampering the Environment. It is the process of development that satisfies the present needs without compromising the needs of the future generation.
The topics covered in this chapter are as follows:
- What development promises - different peoples, different goals
- Income and Other Goals
- National Development
- How to Compare Different Countries or States?
- Income and Other Criteria
- Sustainability of Development
Students can view and download the chapter from the link given below.
Click here to get the complete chapter
NCERT Solutions for Chapter 1: Development
Also Check
Chapter 2: Sectors of Indian Economy
Chapter 3: Money and Credit
Chapter 4: Globalisation and the Indian Economy
Chapter 5: Consumer Rights
Check out Frequently Asked Questions (FAQs) for Chapter 1: Development
Define GDP.
GDP or Gross Domestic Product is the total value of all final goods and services produced during a particular year in a country.
Literacy rate measures the proportion of literate population in which age group?
The age group of 7 years and above.
Which state of India has the lowest infant mortality rate?
Kerala
Name the report published by UNDP which compares countries based on the educational levels of the people, their health status and per capita income.
Human Development Report
What term is used to describe the ‘average number of years a person is expected to live at birth’?
Life Expectancy