CBSE Class 10 Economics Chapter 1 Notes - Development

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Development Class 10 Notes Economics Chapter 1 - PDF Download

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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.

CBSE Class 10 Economics Chapter 1 Notes - Development part-1
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FAQ (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.