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Development Class 10 Notes: CBSE Economics Chapter 1

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CBSE Class 10 Economics Chapter 1 Notes - Download FREE PDF

Vedantu provides CBSE Class 10 Economics Revision Notes for Chapter 1: Development. This chapter explores the concept of development, focusing on how it is measured and what it means for different countries. You will learn about various indicators of development, including income, health, and education, and understand how these factors contribute to a country's overall progress. Class 10 Economics Revision Notes are especially useful for students struggling to create notes with their packed schedules.

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Table of Content
1. CBSE Class 10 Economics Chapter 1 Notes - Download FREE PDF
2. Access Class 10 Social Science (Economics) Chapter 1- Development Notes
    2.1What Development Means - Different Goals for Different People
    2.2Did you Know?
3. 5 Important Topics of Economics Class 10 Development Notes Chapter 1
4. Importance of Class 10th Economics Chapter 1 Notes
5. Tips for Learning the Economics Chapter 1 Class 10 notes
6. Related Study Materials for Class 10 Economics Chapter 1 Development
7. Chapter-wise Revision Notes Links for Class 10 Economics
8. Important Study Materials for Class 10 Social Science - Economics
FAQs


Our notes are designed to simplify complex ideas, making it easier for you to grasp key concepts and prepare effectively for your exams according to the CBSE Class 10 Economics Syllabus. With clear explanations, important definitions, and relevant examples, these notes will help you build a strong foundation in development economics and enhance your exam performance.

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Access Class 10 Social Science (Economics) Chapter 1- Development Notes

What Development Means - Different Goals for Different People

Development goals can vary widely among individuals. What one person views as progress may not be seen the same way by another, and could even be detrimental to someone else.

1. Introduction

  • Developmental goals of any particular idea vary from person to person. 

  • Apart from personal development, we should definitely think of a country's development.

  • Development is defined as the people’s economic growth, along with the growth of their basic needs like education, health, lifestyle, etc.

  • The main aim of development is to update as per the demand of time.

  • For example: to generate electricity, a dam is constructed over a river where nearby mass is considered for construction resulting in the development of society and country.

  • It causes destruction for farmers and the lives of people living nearby.


2. Income and other goals

  • Money is considered to be the basic need of people and to fulfill their daily requirements making money or income is very important.

  • Money is required to buy materialistic things as well as freedom, security, treatment, respect to maintain a quality lifestyle.

  • Hence, developmental goals are necessary to get a better income and other things in life.


3. National Development 

  • It is defined as a country’s ability to enhance the living standards of its residents.

  • For people, belief in nations' development is different.

  • Improvement in people’s living standards, providing basic things to citizens like food, education, social service, medical aid, etc, and increase in per capita income, is referred to as National development.


4. How can you differentiate different countries or states?

  • Income is a key feature to compare countries.

  • Countries that have higher income are called developed countries and vice versa.

  • The income of a country is about the income of the citizens of that country.

  • National income: it is the sum of the total value of the country’s goods and services produced in a year. As every country has a different population rate, so National income cannot be considered to compare between different countries.

  • Per capita income: it is also called average income, defined as a country's total earnings divided by the whole population. It shows the living standard of the citizens of the country.

  • The average income of the country is the ratio of the overall income of the country to the overall population of the country.


5. Income and other criteria

  • To achieve a goal, people earn more and want respect from others, the security of their lives, and freedom.

  • If we consider per capita in the country’s development, then Goa is the most developed and Bihar is the least developed state in India.

  • Net attendance ratio: defined as the total number of children, the age group from 14 years attending the school from the total percentage of children in the same age group.

  • Literacy rate: it is the total number of people above 7 years who can write, read and understand. If the literacy rate is high, then the state is considered to be developed. Kerala has the highest literacy rate of 96.2% and Andhra Pradesh has the lowest literacy rate of 66.4%.

  • Infant mortality rate: it is the total number of children that die in one year of age as a proportion of 1000 births in a year. It shows how efficient health facilities are in any country. Kerala has the lowest infant mortality rate, that is deaths per 1000 live births and Madhya Pradesh has the highest mortality rate that is 48 per 1000 live births in India.


Average Income is calculated by dividing a country’s total income by its total population. It’s also known as per capita income.


Average Income = Country’s total income/total population


World Development Reports use per capita income to classify countries. 


In 2017, countries with a per capita income of US 12,056 or more were classified as rich countries. Conversely, countries with a per capita income of US 955 or less were considered low-income countries, such as India.


6. Human Development Index

  • The United Nations Development Programme (UNDP) prepares this index, in which an annual report of human development is published every year.

  • The major parameters include per capita income, literacy rate, and durability of a person’s life, which measure the countries’ development.

  • Countries are marked as very high, high, medium, and low developed countries respectively.

  • Apart from infant mortality rate, literacy rate, net attendance ratio; the BMI index also plays an important role.


7. Body mass index (BMI) is measured to measure the adults who are undernourished by calculating the weight of the person (kg) divided by the square of the height. If the value is less than 18.5, the person is undernourished and if it is more than 25, then the person is highly obese.


8. Public Facilities

  • Public facilities play a major role in the development of the country.

  • These are the facilities provided by the government like schools, transportation, electricity, hospitals, residences, community halls, etc.

  • These facilities are important as we cannot purchase every major facility.


9. Sustainable Development

  • It is the development that meets all needs of today’s generation.

  • It is the development of a nation without affecting the environment.

  • To achieve sustainable development, we should use non-renewable resources such as carbon-based fuel wisely.


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.


5 Important Topics of Economics Class 10 Development Notes Chapter 1

S. No

Important Topics

1

Concept of Development

2

Indicators of Development

3

Human Development Index (HDI)

4

Economic Growth vs. Economic Development

5

Sustainable Development


Importance of Class 10th Economics Chapter 1 Notes

  • Revision notes help us quickly understand and remember key concepts before exams.

  • They save time by focusing on essential information and skipping unnecessary details.

  • These notes simplify complex topics, making them easier to understand and use.

  • They provide practical examples that show how theoretical knowledge is used in real-life situations.

  • Revision notes ensure thorough preparation by covering all important topics in a structured manner.

  • They increase confidence by clearly understanding what to expect in exams.

  • Accessible formats like PDFs allow for easy studying anytime and anywhere.


Tips for Learning the Economics Chapter 1 Class 10 notes

  • Learn and remember important terms like development, HDI, and indicators of development. Knowing these will help you grasp the main concepts.

  • Study real-world examples of development to see how the concepts apply in different countries or situations. This makes the theory more relatable.

  • Compare different indicators of development, like income versus health. Understand how these measures can show different aspects of a country’s progress.

  • Connect the chapter’s concepts to current global development issues. For example, consider how recent news stories reflect development challenges or successes.


Conclusion

Vedantu’s Economics Chapter 1 Development Class 10 Notes provide a clear and comprehensive overview of the key concepts. They cover the definition of development, indicators used to measure it, and the Human Development Index (HDI). The notes also highlight the difference between economic growth and development, and emphasise the importance of sustainable development. By studying these notes, students can gain a solid understanding of how development is assessed and its impact on different countries. Use these notes to improve your knowledge and prepare effectively for your exams.


Related Study Materials for Class 10 Economics Chapter 1 Development


Chapter-wise Revision Notes Links for Class 10 Economics


Important Study Materials for Class 10 Social Science - Economics

FAQs on Development Class 10 Notes: CBSE Economics Chapter 1

1. How Countries or States are Compared? And Why?

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.

2. Write the Difference Between: 

  1. Development and Growth.

  2. Development and Sustainable Development.


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.

3. What is sustainable development according to Chapter 1 of Class 10 Economics?

Sustainable development is the approach of economic development of the future generations without compromising and trading off the environment. This approach is developed and applied because it is often seen that for the sake of economic development, one has to often look over the damage that the environment has to go through in the form of air and water pollution, soil erosion, land degradation, deforestation etc. Therefore, with sustainable development, one aims at promoting development that minimises environmental damage. 

4. What is sustainable management of natural resources according to the Notes of Chapter 1 of Class 10 Economics?

Due to the gradual increase in the population that results in the increase in demands, it is the need of the hour to ensure sustainable management of the resources for future generations, as the resources are seen to be depleting at an alarming rate. In order to achieve this, one can practice the 3 Rs. 

Reduce: This aims to suggest the reduction in the use of the resources unnecessarily. For example, turning the switches off when not in need to save electricity, and turning the taps off to save water.

Reuse: This aims at suggesting the reusing of things and materials as much as they can be used. For instance, reusing plastic bottles instead of just throwing them away.

Recycle: In this process, the products such as plastic, metal or glass can be recycled and manufactured instead of developing from the start.

5. Are the NCERT Solutions provided by Vedantu for Chapter 1 of Class 10 Social Science useful?

Yes, the NCERT Solutions for Chapter 1 of Class 10 are extremely useful because they give deep insight and understanding of the chapters for the students. These solutions are particularly made to meet the demands of the students. Every exercise has with them solved answers that will help the student clear their doubts. These exercises are exam based, so the student will be able to practise how to answer any question asked in the exam. Thus, getting a copy of each NCERT solution for every subject will definitely lead the student in the right direction and help them score more than 90 percent in their exams.

6. How to prepare for Chapter 1 of Class 10 Social Science Economics?

It is undoubtedly important that the student should be thorough with all the concepts that are taught to them to be able to score desirable grades in their exams. To achieve this, they have to devote a good amount of time to read the chapter thoroughly. Along with this they also need to mark the important portion, for instance studying the goals that the people desire while doing work, the national development, the comparison between different countries and states and other such topics and revise them regularly to be able to retain the concepts. It is also advisable that they write down all the doubts that might arise while reading, and clear those doubts in the classroom. Referring to the Vedantu NCERT solutions available free of cost will help them immensely. 

7. Is Chapter 1 of Class 10 Social Studies Economics scoring?

Yes, undoubtedly the Class 10 Social Studies Economics is easily scoring. But to be able to score well, it is important that the student is thorough with the topics. Without any understanding of what is being taught, even the easiest concepts become hard to write in the exams. For a subject such as social studies, the students need to take organized notes. They need to write down what they have understood in their own words under the various subheadings. This will help in sharpening their memory. Apart from this, they can also refer to the NCERT solutions available on the Vedantu website, which will prove to be a great source of guidance to them.  These solutions for Economics Chapter 1 have exercises with solved solutions that will make the learning process easier for the students. The students will also be able to develop an idea of how the questions are set in the examination. 

8. What is the main focus of Class 10 Economics Chapter 1 Notes?

The chapter focuses on understanding the concept of development, its measurement through various indicators, and the Human Development Index (HDI). It also covers the differences between economic growth and development, and the importance of sustainable development.

9. What are some key indicators of development mentioned in Class 10 Development Notes?

Key indicators include income levels, literacy rates, life expectancy, and access to basic services like healthcare and education.

10. How is the Human Development Index (HDI) used to measure development?

HDI combines indicators like life expectancy, education level, and per capita income to assess and compare the development levels of different countries.

11. From Class 10th Economics Chapter 1 Notes what is the difference between economic growth and economic development?

Economic growth refers to an increase in a country’s output or income, while economic development encompasses improvements in living standards, health, education, and overall quality of life.

12. Why is sustainable development important according to Development Class 10 Notes?

Sustainable development aims to balance economic progress with environmental protection and social equity, ensuring that development meets current needs without compromising future generations' ability to meet theirs.