Development

Development Economic development is measured on the basis of four criteria „  Gross National Product (GNP): GNP is the total market value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal. „  GNP per capita: This relates to increase in the per capita real income of the economy over the long period. This indicator of economic growth - - Economics of Development and Planning