People want more income. Money, or material things that one can buy with it, is one factor on which our life depends. However, the quality of our life also depends on non-material things such as equal treatment, freedom, security, and respect for others. For development, people look at a mix of goals. The developmental goals are not only about better income but also about other important things in life.
Different persons could have different as well as conflicting notions of a country’s development.
For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. As different countries have different populations, comparing total income will not tell us what an average person earns. So, we compare the average income of countries.
Average income is the total income of the country divided by its total population. It is also called per capita income.
Average Income = Total Income of Country / Total Population of Country
In World Development Reports, per capita income is used in classifying countries.
When we think of a nation or a region, besides average income, public facilities are equally significant attributes.
Public Facilities: These are the services provided by the government to its citizens. Some of the important public facilities include infrastructure, sanitation, public transport, health care, water, etc.
Sustainable development is defined as development that meets the needs of the present without compromising the ability of future generations. Scientists have been warning that the present type, and levels, of development are not sustainable. Some of the examples are: