Development - Country improves its quality of life for its people, making its place more independent

Stages -

Quality Of Life - Person’s well-being in terms of environment, security, health and happiness

Standard Of Living - To do with mon

Indicators Of Development -

• Gross National Product (GNP) per capita - wealth of a country averaged per person. [gdp per capita but including net income from abroad]
• Purchasing Power Parity - GNP per capita adjusted for the value of money within the country
• Gross Domestic Product (GDP) per capita - is the total value of goods and services produced within a country in a year divided by the population of the country.
• Birth Rate: number of births in a year per 1000 of the total population
• Death Rate: number of deaths in a year per 1000 of the total population
• Literacy rate - the percentage of people who can read and write.
• Life expectancy - the amount of time one is expected to live
• Infant Mortality: average number of deaths of infants under 1 per 1000 live births per year.
• Composite indices like Human Development Index (HDI) - measure the disparities between countries - Life expectancy, adult literacy, average years of schooling

Why Is GDP per capita Not Always Good -

1. Only economic focus
2. Wealth is not equally shared across the population