Studying development is about measuring how developed one country is compared to other countries, or to the same country in the past. Development measures how economically, socially, culturally or technologically advanced a country is. The two most important ways of measuring development areeconomic development and human development.
- Economic development is a measure of a country’s wealth and how it is generated (for example agriculture is considered less economically advanced then banking).
- Human development measures the access the population has to wealth, jobs, education, nutrition, health, leisure and safety – as well as political and cultural freedom. Material elements, such as wealth and nutrition, are described as the standard of living. Health and leisure are often referred to asquality of life.