Why do different persons have different notions of development? Which of the following explanations is more important and why?

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Chapter 1

NCERT

Class 10

Economics

Solutions

1. Why do different persons have different notions of development? Which of the following explanations is more important and why?

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Question:

Why do different persons have different notions of development? Which of the following explanations is more important and why?

(a)Because people are different.

(b)Because life situations of persons are different.

Answer:

In the above two explanations, 'B' is more important, because the life conditions and the needs of people differ from each other according to the circumstances. On the basis of these needs, the goals or concepts of development of the people are also of different types.

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(All Q's of this Chapter solved)

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What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?

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Assume there are four families in a country. The average per capita income of these families is ` 5000. If the income of three families is Rs 4000, Rs 7000 and Rs 3000 respectively, what is the income of the fourth family?

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Look at data in Tables 1.3 and 1.4. Is Haryana ahead of Kerala in literacy rate etc., as it is in terms of per capita income?

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From the text, find out the per capita income level of low-income countries as per World Development Reports.

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Suppose records show that the average income in a country has been increasing over a period of time. From this, can we conclude that all sections of the economy have become better? Illustrate your answer with an example.

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Do the following two statements mean the same? Justify your answer. (a) People have different developmental goals.

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