Income as Development Goal
Income is a key development goal, enabling individuals to meet their basic needs and improve their quality of life. It serves as a means to access essential goods and services such as food, shelter, education, and healthcare. Additionally, income provides economic stability, allowing individuals to invest in their future, pursue opportunities for advancement, and support their families. A steady income contributes to social mobility, enabling people to move beyond their current socioeconomic status and achieve their aspirations. Increasing income levels contribute to overall well-being and poverty reduction, fostering sustainable economic growth and prosperity.
Income And Other Criteria: Class-10 Economics Notes
Income is important for providing necessities like food and shelter, but people also seek fairness, freedom, security, and respect. These non-material goals contribute to a sense of happiness and fulfilment in life. Development involves not only increasing income but also promoting equality and human rights. Balancing economic growth with social justice ensures sustainable progress for all members of society. Recognizing the significance of both material and non-material aspirations is essential for creating a balanced and inclusive society.
In this article, we will look into Income and the other criteria of development in detail. It is an important concept of Class 10 Economics. To get comprehensive notes on “Income And Other Criteria” go through with this article.
Table of Content
- Income as Development Goal
- Other Developmental Goals
- Conclusion: Income And Other Criteria