1. DEVELOPMENT
Economics class 12 notes
Digieducation....
#Important term.
*Development
Growth of economy along with the improvement in the quality of life of the people like health, education etc.
*Social development
Growth of different sections of the society in a country.
*Health
State of complete physical,mental and social soundness.
*Education
Awareness of the society regarding the laws of the land.
*Sex ratio
Percentage of female population per thousand males in a country.
>Point to remember
* The rate at which children in a country die within an age of 0-1 year know as infant mortality rate.
*Net attendance ratio total number of children of age group 6-10 attending school as a percentage of total number in the same age group known as net attendance rate.
*Level of under- nourished adults in an economy are known as body mass index.
*Resources created by man like , roads, bridge, plants and machinery etc. are man-made resources.
* The resources provided by the nature like, crude oil, land, mountain, sunlight, etc are natural resources.
*The proportion of literate population in the 7 and above age group is called literacy rate.
*Period of 12 months starting from 1st April and ending on 31st march of the next year is accounting period.
* The official enumeration of population along with certain economic and social statistics in a given territory and carried out on a specific day is census..
Notes: class 10 economic chapter 1