Besides income, what can be the other attributes to compare economic development ?

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asked Mar 29, 2018 in Social Science by anukriti (13,536 points) 5 10 19

Besides income, what can be the other attributes to compare economic development ?

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answered Mar 29, 2018 by faiz (82,347 points) 6 6 11
selected Mar 29, 2018 by anukriti
 
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Income is not only the criterion but it is one of the important indicators of economic development.
Some of the other attributes are :
(i) Infant Mortality Rate: It is an indicator of the availability of doctors and medical facilities in the region as well as the awareness of the people living there in regard to diseases and their prevention.
Low infant mortality rate indicates good medical facilities and all round development in the society. A high rate will be an economic loss for the region as much effort is wasted, which could have been harnessed.
(ii) Literacy Rate: This is an indicator of the number of schools and teachers available in a region and also indicates whether the facilities are being used or not due to societal pressures. Low literacy rate shows backwardness and there will not be fast economic development.
(iii) Life Expectancy: This is also an indicator of available health facilities. Low life expectancy will be a hindrance to economic development.

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