The level of development refers to the economic, social, and demographic conditions and standards experienced by individuals in a particular country or region. It takes into account factors such as income levels, education, healthcare accessibility, infrastructure quality, and overall quality of life.
Related terms
Gross Domestic Product (GDP): GDP is the total value of goods and services produced within a country during a specified period. It is often used as an important indicator for measuring the economic aspect of development.
Human Development Index (HDI): HDI measures human well-being based on factors such as life expectancy, education level, and income per capita. It provides a broader perspective on development beyond just economic indicators.
Sustainable Development Goals (SDGs): The SDGs are a set of global goals established by the United Nations to address various developmental challenges. They include targets related to poverty reduction, education, healthcare, and environmental sustainability.