Q. 4 A
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Development is a comprehensive term which includes an increase in real per capita income, an improvement in the living standard of people, reduction in poverty, illiteracy, etc.
The main features of development are the following:
It is a broader term than economic growth.
It also implies an increase in the production of goods and services in an economy along with the advancement of technology.
It is a long-term process.
It is more suitable to the developing countries.
Both qualitative and quantitative changes are included in it.
It is a result of continuous planned and goal-oriented activities.
There are two bases to check economic development- National income and per capita income.
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