\xa0(i) Development is a comprehensive term which include increase in real per capita income, improvement in living standard of people, reduction in poverty, illiteracy, crime rate, etc.Features(a) Different persons have different developmental goals.(b) Income is a major component of development.(ii) National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad.(iii) When the total national income is divided by the total population, it is called the per capita income.