Unit 4.8 · Measuring Development
Multidimensional Nature of Development
AO2
Syllabus Requirement
Development includes improvements in health, education, equity, and sustainability, not just increases in income.
Assessment Objectives
AO2Application and Analysis
Summary
Economic development encompasses various aspects beyond just increases in GDP or GDP per capita. It focuses on enhancing human welfare, living standards, and the overall quality of life, highlighting the importance of equitable distribution of resources and sustainability in development efforts.