NCERT Economics Class 10 | Income and Other Goals – Concept
Topic & sub-topics covered: Income and Other Goals: Development (All single detail notes are exam-oriented).
We have discussed in-depth and exam-oriented pointers that can be asked in the board exam of class 10th about “Income and Other Goals” which is taken from the NCERT Economics for class 10th chapter no. 1 “Development“.
Download NCERT Economics Chapter 1 Class 10th Notes PDF for “Development”
Embark on a journey to understand the intricate dynamics of economic development with NCERT Economics Chapter 1 Class 10th Notes. Delving into the essence of “Development,” these notes offer a comprehensive overview of key concepts, theories, and real-world examples.
Download NCERT Class 10 Economics Chapter 1 Notes Development Economics Class 10 Chapter 1 Notes PDF
Available in PDF format, these notes provide a convenient and accessible resource for Class 10th students to enhance their understanding, facilitate revision, and excel in their studies. Download NCERT Economics Chapter 1 Class 10th Notes PDF now and unlock the keys to comprehending the dynamics of development in the global context.
Income and Other Goals
1. Desired Goals of People:
- People desire regular employment, better wages, and fair prices for their products, aiming for increased income.
2. Non-Material Aspects of Life:
- Beyond income, individuals seek equal treatment, freedom, security, and respect, rejecting discrimination as they consider these equally important.
3. Importance of Intangible Values:
- Intangible aspects like friendship, dignity, and societal respect significantly contribute to life quality, even though they are not quantifiable.
4. Factors Influencing Job Choice:
- When considering job opportunities, individuals consider factors beyond income, such as family facilities, working environment, and personal fulfilment.
- Job security, work-life balance, and opportunities for personal growth are crucial considerations alongside monetary compensation.
5. Diverse Developmental Goals:
- Development goals encompass a mix of objectives beyond income enhancement, including gender equality, household dynamics, and societal safety.
- A safe and secure environment fosters greater acceptance of women in the workforce, facilitating their participation in various roles and activities.
Next & Previous Topics of NCERT/CBSE Economics Class 10 Chapter 1: Development
FAQs on “Income and Other Goals”
Q1. What factors influence individuals’ job choices beyond income considerations?
Answer: Individuals consider factors such as family facilities, working environment, job security, work-life balance, and opportunities for personal growth when choosing jobs, alongside monetary compensation.
Q2. Can you provide examples of diverse developmental goals discussed in these notes?
Answer: Yes, examples include gender equality, household dynamics, and societal safety, illustrating that development goals encompass a mix of objectives beyond income enhancement.
Q3. Are these notes suitable for self-study and exam preparation?
Answer: Yes, these notes are designed to facilitate self-study and exam preparation for Class 10 Economics. They offer exam-oriented pointers and comprehensive coverage to aid students in their studies.