Development – Class 10 Economics (One Page Notes)
What is Development?
Development means improvement in quality of life – income, education, health, freedom, equality. Different people
have different goals (e.g., industrialist wants profit, worker wants better wages). Common features: income,
education, healthcare, security, equality.
Income and Other Goals
Income is important but not the only goal. People also seek respect, equal treatment, freedom, security, etc.
Example: A job may pay well but be unsafe or exploitative.
National Development
Overall development of a country – economic growth, better living standard, equality. People may have different
opinions on what makes a country developed.
How to Compare Countries?
Use Per Capita Income (total income ÷ population). World Bank classification (2022): High-income > $13,845;
Low-income < $1,085. Limitations: Doesn’t show distribution or quality of life.
Other Criteria for Development
Life Expectancy – average life span. Literacy Rate – % of literate people. Infant Mortality Rate – deaths of infants
per 1,000 live births. HDI – combines income, education, life expectancy.
Sustainability of Development
Sustainable development meets present needs without harming future generations. Overuse of resources like
water, forests, fossil fuels can harm future growth. Examples: groundwater depletion, pollution.
Key Terms
Per Capita Income, Infant Mortality Rate (IMR), Literacy Rate, HDI, Sustainable Development.
Tip for Exams
Focus on definitions, examples, comparisons (India vs Sri Lanka), and sustainability points.