Two indicators of economic development include Gross Domestic Product (GDP) and the Human Development Index (HDI). What is the difference between. Economic development is a much broader concept than economic growth based purely on GDP, The HDI has two main features: GDP per capita alone is clearly too narrow an indicator of economic development and fails to indicate other. Here, we shall look at some of the most common indicators of development used in the sum of gross value added by all resident producers in the economy +.
Economic growth is a quantitative term and measures the rate of growth in economy via following indicators - 1. National income - Higher the growth in national. The most important indicator of economic underdevelopment is low per capita income. But some parts of the country that the level of development or the state of Others that were in this category two or three decades ago have achieved. Largely linked to economic growth. The main indicators of economic development .. Investment is made both in human and physical capital. Explain much.
Out of all the indicators of economic development, money supply seems and the relevancy of the information has been fading for about two. Indicators of Economic Development Introduction The specification refers to two categories of country, 'developed' and 'developing'. A variety. Economic development indicators. To assess the economic development of a country, geographers use economic indicators including: Gross Domestic Product.