Which is the most important component of development ?

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Income

Average income

IMR

All of the above

answer is A.

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Detailed Solution

Income is the most important component of development.
It is not the only one, seeing as people also seek equal treatment, good health, peace, respect, a good environment, education, freedom, security, a non-violent environment, and so on. Development means economic growth and an improvement in people's quality of life. Growth, progress, positive change, or the addition of physical, economic, environmental, social, and demographic components are all development examples. People consider multiple goals for development. Different people have different developmental objectives. It is a broad term encompassing an increase in real per capita income, improving people's living standards, etc.

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