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Three Core Values of Development Economics

Three Core Values of Development Economics

Three core values serve as standards of development.

Sustenance. This refers to the capacity to meet basic necessities such as food, clothing, and shelter. Lack of even one of these means that a person's life is not progressive. A country develops if its citizens have enough or more than enough for their basic necessities, there is growth of income, extreme poverty is addressed, and there is equality among members of society.

Self-esteem. The quality of life is good when there is respect, trust, and self-value. Each person has needs which can be achieved through the presence of respect, dignity, and a good reputation in society. A person's worth as an individual cannot simply be measured by the ownership of material things which is often given emphasis by progressive capitalist countries such as the United States. In the Philippines, material wealth is not the only important thing but the love for one's family, the family's reputation, and a person's dignity and self-esteem. A country is developed if this unique need of the people is addressed.

Freedom from Servitude. This freedom is drawn from liberation from oppressive systems in society, poverty and abuse, slavery, ignorance, and the absence of the freedom to choose one's culture or religion. This freedom can be seen in the range of choices in a society. What is good about development is not only the joy of being free from poverty but also the availability of a wide range of choices. In general, freedom prevails if people live a comfortable life, if they have the freedom to choose their religion, to vote and to express their opinion about administration and governance, and if they enjoy equal opportunities for education and employment.


Moono Munsanda on June 23, 2019:

Grateful and thankful.

Emmanuel K. Harris on March 21, 2018:

Thanks for your wonderful piece of lesson that has helped me so immensely to be able to understand some basic issues in my field of study.

Thank you.

Azar Aftimos on February 13, 2018:

Thank you very much.

Farhiya ismaily on December 10, 2017:

Thanks you for your explanation

yaw eric on March 09, 2017:

interesting notes

julius on November 24, 2015:


bantihun.getahun on November 04, 2015:

I found it useful.

Mat on October 06, 2015:

Nice piece of writing.

phil on September 21, 2015:

very educative

Kris Dominic Garswah on September 20, 2015:

it is very helpful kudos man....

Idris shiyaki on June 28, 2015:

Add Your Commen...very nice work it help me alot to understood what my lectural thought me. Thanks!

Onos Chris. on June 15, 2015:

Very helpful

eric on May 30, 2015:

very useful and helprfull to research students like me. i apreciate your work

mrimi on April 28, 2015:


sarah on April 13, 2015:

very nice

joseph musangi on November 24, 2014:

i like the work you are doing.kudos.

ann on November 14, 2014:

very helpful and useful. it had everything i needed

irene on November 06, 2014:

very good notes,aided my assignment

jmakotieno on October 17, 2014:

ilove it thanx very much

free on October 09, 2014:

for basic idea it is good.

me on March 11, 2014:


CECILIA on March 06, 2014:

Helpful notes

Anthony from kampala. on December 13, 2013:

I appreciate your good work..it has made it easy for esp students.

Quitewell Peter on December 02, 2013:

very applicable to everyone ether economics or other field but add more on self esteem and sustainanance

mathew on October 05, 2013:

all the ideas are good, however it applies in an ideal situation which can be difficult to apply in the real world

karumaamos@yahoo.com on November 30, 2012:

very helpful

karumaamos@yahoo.com on November 30, 2012:

very helpful

my anne on September 19, 2012:

how could we attain these for having a goodlife if we don't have any oppurtunity?

jaziirah on August 13, 2012:

the book of todoro book addition 10th

jaziirah on August 13, 2012:

to what extent is it true to say that development is not constant

abdulhamid modiboo@yahoo.com on June 10, 2012:

A very impressive thought, really like it and it is very help full to student especially those that are studying geography. Kip it up sir.

Sohail on June 03, 2012:

this is taken from the book of todoro book addition 10th ,,, defiantly its good for Students of economic.

kashif on May 21, 2012:

very nice

Esther on May 04, 2012:

Very wonderful it really assist us as students,,,,,,esther.kiplimo@yahoo.com

Morrycate on October 04, 2011:

All i can is kudos and only hungry minds can grow.

ttashi23@gmail.com on September 19, 2011:

the core values of development are realistic and helpful for the policy implementation..........

josephat on April 11, 2011:

this are the best notes ever

gulalay on March 16, 2011:

very good notes

worlanyo on February 24, 2011:

this must be applied in Africa

Babty on February 24, 2011:

UPDATE ME IN ferdiokhalo@gmail.com

Sylvia on January 25, 2011:

Gud ans pls nid more facts..

knowledge on November 15, 2010:

very helpful and reliable information

f.m. on October 18, 2010:

really a good one

Apukoson on September 13, 2010:

Vry helpful. I wish I could contact u. My email (apukoson@yahoo.com)

Vicent on August 31, 2010:

very good

7542 on June 16, 2010:


uday gupta on March 18, 2010:

very helpful note

update me on my email


israr khan on October 12, 2009:

these are good notes that are help full 4 studies.plz send me ur contact so that i can have some more usefull notes.