Growth and Development in economics

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  • Created by: dhairya
  • Created on: 15-11-12 04:33
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  • Growth & Development
    • Development
      • Selective attack on the worst forms of poverty
        • Indicators
          • Gradual reduction and eventual elimination of poverty illiteracy,  unemployment etc
            • Progressive changes in socio-economic structure of a country
              • Decline in the share of primary sector to the GDP & increase in the share of tertiary sector
          • Output= Gross or Net National Product
            • Extent of urbanisation,degree of industrialisation,human development index
      • Traditional approach to development
        • Considers human beings as the centre of economic development
          • Aims at welfare of max. population
      • Growing economy approach to development
        • Defines development in totally economic terms
          • Decline in the share of primary sector to the GDP & increase in the share of tertiary sector
    • Growth
      • Increase in country's real output of Goods and Services Over a period of time
        • Indicators
          • Gradual reduction and eventual elimination of poverty illiteracy,  unemployment etc
            • Progressive changes in socio-economic structure of a country
            • Output= Gross or Net National Product
              • Extent of urbanisation,degree of industrialisation,human development index

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