measuring human development

Human development

The process involved in the improvement of people’s freedom, rights, capabilities, choices, and material conditions

Gross development product (GDP)

The Total value of the goods and services produced by a country citizens and companies within the country in a year

Gross national product (GNP)

The Total value of the goods and services produced by a countries, citizens and companies, both domestically and internationally in a year

Gross national income (GNI)

Per capital the total value of goods and services globally produced by a country in a year divided by the country’s population

Informal sector

Is any part of a Countries economy, that is outside of their government monitoring or regulation and is not taxed.

Formal sectors

Includes businesses, enterprises, and other economic activities that have government supervision, monitoring, and protection, and are tax

Human development index (HDI)

Determines overall levels of development of countries

General development index (GDI)

Which calculates gender disparity and the three basic dimensions Of human development: health, knowledge, and standards of living. It calculates factors in which difference between women and men exist as well as where near equality is achieved.

Gender inequality index (Gll)

Calculates inequality based on three major categories: Reproductive health, empowerment, and labor market participation.

Woman’s empowerment

Includes women’s opinions and access to participate fully and the societal and economy spears of society

Labor market participation (LMP)

Rate measures in economies, active labor forces and it’s calculated by Taken the sum of all the employment workers and dividing that by that number by the work age population

Microloans

Are very small short-term loans with low interest intended to help people in need