abhishreshthaa
Abhijeet S
Definition:
“A country which has good potential prospects for using more capital or more labour or more available natural resources, or all of these, to support its present population on a higher level of living or if its per capita income level is already fairly high, to support a large population on a not lower level of living.”
As per this definition the problem of development is mainly the problem of development is mainly the problem of poverty and prosperity. The basic criterion then becomes whether the country has good potential prospects of raising per capita income, or of maintaining an existing high level of per capita income for an increased population.”
“A country which has good potential prospects for using more capital or more labour or more available natural resources, or all of these, to support its present population on a higher level of living or if its per capita income level is already fairly high, to support a large population on a not lower level of living.”
As per this definition the problem of development is mainly the problem of development is mainly the problem of poverty and prosperity. The basic criterion then becomes whether the country has good potential prospects of raising per capita income, or of maintaining an existing high level of per capita income for an increased population.”