1. Per capita consumption.

1. PCC is an average consumption expenditure of the normal residents of a country in a particular year.
2. It is obtained by dividing total consumption expenditure of a country by its total population.
3. PCC = Total Consumption expenditure / Total Population.

2. Human Development Index. (H.D.I.)

1. Human Development refers to a process of enlarging people’s choices and well - being.
2. It depends upon life expectancy, educational attainment and GDP.
3. Per capita HDI is a simple average of these three factors.

4. An upward movement in HDI can be regarded as an improvement in human development which is an important ingredient of economic development.

No comments:

Post a Comment