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in Economics by kratos

Discuss about the measurement of human development.

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+2 votes
by kratos
 
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Meaning of Human development: Human development is “development that enlarges people’* choice and improves their lives”. Standard of living & where people can live meaningful lives. Such as healthy, able to develop their talent, Participate in the activities of society etc.

Measurements of Human Development: Human development is measured with –

  1. The Human development Index.

  2. The Human *** Index.

1. The Human development index: It is measured in three dimensions.

  • Health: Good health results of higher life expectancy means the people have a greater chance of living longer and health.
  • Education: Based on the literacy rate development and status of a persons decides.
  • Decent standard of living: It is measured in terms of purchasing power (in US dollars).

2. The Human ***** index:** It measures the short fall in human development in following indices.

  • The probability of not surviving till the age of 40.
  • The ***** illiteracy rate.
  • The number of people who are not able drink pure water.
  • The number of small **** who are under weight.
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