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The concept of development in economics refers to the process of improving the economic, social, and political well-being of individuals and nations over time. It encompasses various dimensions, including economic growth, poverty reduction, improved living standards, increased access to education and healthcare, and overall progress in society. Here are some key points related to the concept of development: 1. Multi-dimensional nature: Development is a multi-dimensional concept that extends beyond economic factors. It includes social, political, and environmental dimensions. It involves improvements in various aspects of people's lives, such as income, education, healthcare, infrastructure, gender equality, and human rights. 2. Economic development: Economic development is an important component of overall development. It focuses on increasing the productive capacity of an economy, promoting sustainable economic growth, creating employment opportunities, reducing poverty, and enhan...

Unit 1: Development 1. Development    - Introduction to development as a concept    - Indicators of development: income, health, education, etc.    - Comparison of development levels across countries    - Developing and developed countries    - Human Development Index (HDI) 2. Sectors of the Indian Economy    - Overview of the primary, secondary, and tertiary sectors    - Employment distribution among different sectors    - Changing employment structure in India    - Contribution of different sectors to the national income    - Public and private sectors in India 3. Money and Credit    - Role of money in the economy    - Functions of money    - Barter system and its limitations    - Introduction to formal and informal credit sources    - Meaning and features of credit    - Formal and informal financial institutions    -...