GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a) the adoption of new technologies
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b) general improvement in living standards
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c) transition from agriculture-based to industry-based economy
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d) creating and/or retaining jobs and supporting or growing incomes
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All of the above
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Detailed explanation-1: -Detailed Solution. The correct answer is All of the above. Economic development is defined as an increase in a country’s wealth and standard of living. For example, Improved productivity, higher literacy rates, and better public education are all consequences of economic development in a country.
Detailed explanation-2: -The literacy rate of a country affects its economic development greatly. The more literate citizens a country has, the greater is its economic development. People who are literate can more easily develop skills that will help them in the workplace and will help them find and keep jobs, so they can spend money.
Detailed explanation-3: -Broadly speaking, there are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income.
Detailed explanation-4: -The illiterate people trapped in a cycle of poverty with limited opportunities for employment or income generation and higher chances of poor health, turning to crime and dependence on social welfare. Therefore, illiteracy is a curse to humanity and socioeconomic development.
Detailed explanation-5: -Definition: The proportion of the adult population aged 15 years and over which is literate, expressed as a percentage of the corresponding population, total or for a given sex, in a given country, territory, or geographic area, at a specific point in time, usually mid-year.