CBSE Economics Subject Notes
Chapter 1 - Development
Developed economics: These are those economic which are characterized by high level of per capita income and high standard of living. Developing Economic: Those economics which are passing through the stages of growth and development. In such economics significance of agriculture tends to decline whereas the industrial sector grows sharply.
Economy: It is a sum total of all the economic activities like production, consumption distribution, exchange etc. National income: It is the total value of all the goods and services produced within a country plus the net income from abroad during a year. Underdeveloped economics: Under developed economics are the economics which are characterized by low level of per capita income and miserable standard of living. Literacy Rate: Literacy rate measures the proportion of literate population in the 7 and above age group.
Public Distribution System (PDS) or Ration Shops: PDS ensures availability of essential commodities like wheat, rice, sugar etc. to the consumers through the network of outlets or fair price shops. It checks the forces of supply and demand. The prices are fixed by the government. Sustainable Economic Development: It means that development should take place without damaging the environment, and development in the present should not compromise with the needs of the future generations.
Q .1 . What is infant Mortality Rate?
Ans. It indicates the number of children that die before the age of one year as a proportion of 1000 live children born in that particular year.
Q . 2 Mention any four characteristics of development?
Q. 3. What is national development? What are the aspects covered under the national development?
Q. 4. What contributes to the human development?
Ans . There are many economic as well as non-economic factors which contribute to the human development.