Income and other goals of Development


 
 
Concept Explanation
 

Income and other goals of Development

Income and other goals: Income is considered the most important component of development. People require regular work, better wages and decent price of their crops or other products that they produce i.e., they require more income.

However, it is not the only component they want, beside working more income, people also seek equal treatment, freedom, education, security, respect for their job, peace, a pollution-free environment and so on.

These other components are as important as income or consumption, because material goods are not all that we used to live. It is quality of life that matters most. Hence, for development people look at a mix of goals and developmental goals include both economic development and better quality of life.

Sample Questions
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Question : 1

Which of the following is not a part of non-material things as factor of development?

Right Option : D
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Explanation
Question : 2

Which of the following factors determine the development of a person?

Right Option : C
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Explanation
Question : 3

One of the most important attributes for comparing the development of countries is _____________

Right Option : A
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Explanation
 
 


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