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Development — Part 1: Goals, Income and Averages

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Lesson

Development

Part 1 — what development means to different people, why income is not the only goal, and how countries are compared using average income.

In this lesson you will

  • Explain why different people have different and sometimes conflicting development goals
  • Explain why non-income goals such as security, equality and freedom matter
  • Calculate and interpret average (per capita) income, and state its limitations
  • Describe how the World Bank compares countries
Part 1 at a glance