1.

Which indicators are included in economic development?

Answer»

Economic development consists of following three indicators:

  1. National income: The total income of the country is called its national income.
  2. Per capita income: It is the division of national income by total population of the country.
  3. Standard of living: It includes the availability of nutritious food, clothes, proper shelter, education, health services, transportation services, etc. to people.


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