Tag: economics

Human Development Index was first introduced by UNDP( United Nations Development Program ) in 1990.HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Distribution efficiency refers to increase in welfare of one individual without decreasing the welfare of another individual. The idea of distributive efficiency is proposed by Alba Lerner in the year of 1944. According to welfare economic consideration, distributive efficiency is concerned with an equitable distributionof resources.

The minimum and maximum value of indicator of Human Development Index are fixed by  UNO. UNO stands for United Nations Organization. UNO can be defined as an intergovernmental organization which helps to ensure international peace and security.HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Human Development Index is constructed by UNDP( United Nations Development Program ). HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

GINI index represent 1 perfectly inequality in distribution of income. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini. It can be defined as a statistical dispersion used to measure the inequality of wealth and income.

India's Human Development Index is low. India ranks 134 out of 187 countries in terms of HDI index per HDR Report 2011. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

The GINI Index for India in 2007-2008 was 0.245.GINI Index is measure of degree of inequality in distribution of income and wealth. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini in the year of 1912. It is the most commonly used statistical method for measuring inequality of income and wealth.

GINI Index is measure of degree of inequality in distribution of income and wealth. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini in the year of 1912. It is the most commonly used statistical method for measuring inequality of income and wealth.

HDI composes of human development indicator's:
(i) Longevity
(ii) Level of knowledge
(iii) Percapita incomeHDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.