CBSE Class 10 Economics Chapter 1 Notes - Development

Development Class 10 Notes Economics Chapter 1 - PDF Download

In Class 10 SST Economics Chapter 1, we’ll study the basic concept of development like  What development is? Is it the same for everyone? How do we compare development? How to measure it? What does sustainable development mean? and many other things. In higher classes, we study this concept very deeply because it is very important for the economy to develop continuously. Here, we’ll be covering the various topics of CBSE Class 10 Social Science Economics Chapter 1, Development.

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CBSE Class 10 Economics Chapter 1 Notes - Development part-1

Class 10 Social Science Economics Chapter 1 Development Revision Notes

Class 10 SST Economics Chapter 1

The topics covered in this chapter are discussed in brief below.

What Development Promises? - Different People, Different Goals

Different Persons

Occupation

Goals/Aspirations

Person A

Farmer

Get good prices for their crops, Buying tractor or a new agricultural land.

Person B

Student:

Studying and getting a good employment.

Person C

Employee

Getting Promotion.


Society is a mixture of different people and different people have different goals and aspirations. This table shows that not all people have the same desires or goals. Buying a tractor can be said development for a farmer but not for a student or an employee. Thus, Different people can have different developmental goals.


Income & Other Goals

The aspirations or goals of a person can not only be just related to monetary aspects. Income is the most vital part to fulfill our goals and aspirations but people do have some non-material desires as well.

For example, You've got a job offer in company A and also in company B. A Provides a higher salary but no growth opportunities or a healthy job environment whereas B provides less pay with good working conditions and growth opportunities.

There are a lot of things that matter a lot but can't be measured. Thus, People also seek such non-material things besides seeking more income. Similarly, development is also a mixture of different sets of goals or desires.


National Development

As People have different goals, their notions of development will also be different. What should a country do for development? National development talks about this only.


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Class 10 social science economics chapter 1 does not talk about development in terms of individual or personal growth. It talks about Economic development and National Development.


How to Compare Different Countries?

Income is the most appropriate and important attribute to Compare different countries or states. The income of all the residents of the country is called the income of the country.

Different countries have different sizes of the population. Therefore, they can't be compared in terms of their total income.

Thus, Average income is used to compare the countries which are calculated by dividing the total population by the total income. It is also called Per Capita Income.

This criterion is also used for classifying countries as per World Development Reports of the World Bank.

  1. Countries having a per capita income of US$ 12,056 p.a. and above in 2017 are classified as rich countries.

  2. Countries having a per capita income of US$ 955 or less are classified as low-income countries.


Other Criteria Besides Income

While taking two countries or regions into consideration, not only average income is important but also public facilities do matter.


What are Public Facilities

The facilities provided by the government are called public facilities. These are provided for the welfare of the society and the development of the country.

For example Health & educational facilities, Infrastructure, sanitation, etc.

  • Kerala achieved a low infant mortality rate because of its adequate health & educational facilities.

  • In Some states, the Public Distribution System ( PDS ) works well.


Sustainability of Development

Sustainable Development means the development of the present without compromising future generations. Scientists are warning the world that present practices are not sustainable in nature. For example:

  • Exhaustion of Natural resources like Forests & Groundwater.

  • Exhaustion of Non-renewable resources like Coal, Petroleum, and natural gas.


Did You Know?

There are also Middle-Income Countries ( MICs ) which are having per capita between $ 1,036 and $ 12,535 and India lies in Low MICs having a per capita income of$1820 in 2017.

FAQs (Frequently Asked Questions)

Question 1: How Countries or States are Compared? And Why?

Answer: The income of all the residents of the country is called the income of the country. States and countries cannot be compared by the total income of the country because different countries and states have different sizes of the population. Therefore, Countries or states are always compared by using the Average Income of both.

Average income is calculated by :

= Total income / Total population

This criterion is also used as per World Development Reports by the World Bank for classifying countries into various categories like rich countries or low-level income countries etc.

Question 2: Write the Difference Between: 

  1. Development and Growth.

  2. Development and Sustainable Development.

Answer:


Development

Growth

Development means increasing standards and quality of life.

Growth means increasing national output or income.

Economic Development is a much broader concept.

Economic Growth is a part of economic development.

It is multi-directional and a long-term process.

It is a unidirectional and short term process.


Development

Sustainable Development

It means the development of the present quantitatively and qualitatively.

It means the development of the present without compromising tomorrow.

It is done by keeping the present generation in mind.

It is done by keeping future generations in mind.

Nature and the environment might not be the vital part here. Development can lead to damage to the environment as well.

Nature and the environment are the most vital part here to be considered. Conservation is the key so that future generations can also enjoy nature & the environment.


Thus, from Class 10 Social Science Economics Chapter 1 Development, we can conclude that development not only means having maximum per capita income but also means improving the quality and standard of living. The goals and desires of different people are different. Hence, their ways of seeing development will also be different. We’ve also learned about how to measure and compare different countries or states. It is always done to check and analyze where we’re lacking In the end, we also solved some questions. We hope this will help in understanding the whole SST Economics Class 10 Chapter 1.

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