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What are the indicators of development?
Economic development is a complicated multi-dimensional idea. Preferably each aspect of development needs its own indicator.
• Professor Dudley Seers argues development is regarding outcomes that are development occurs along with the reduction and exclusion of poverty, inequality and unemployment into a growing economy.
• Professor Michael Todaro is related with outcomes and sees three goals of development:
a. Producing more life sustaining requirements as like food shelter and health care and broadening their distribution
b. Increase SoL and individual self esteem
c. Increasing economic and social choice and decreasing fear.
Aggregate Consumption This is the aggregate of all expenditures on current consumption goods and services i.e. those which are consumed during the period. Living standards are
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what is the cause of inflation in PNG
# ???? .. difference between gdp at market price and nnp at factor cost
Can growth arise without development? Growth is just one feature of development and therefore is an essential but not enough condition for economic development. For example, g
Institutional Setting for Trade Policy Formulation: While the Ministry of Commerce has the main responsibility of formulating India's trade policy, it also seeks policy inputs
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