Question

Balanced growth means __________.

• A. The growth of the different segments of economy in a harmonious manner
• B. Equal percentage growth in out put
• C. A balanced rise in the resources allocated
• D. Natural growth rate of different segments of economy

Answer 1

Answer: (A)

The growth of the different segments of economy in a harmonious manner

The different segments of economy comprise of primary, secondary and tertiary or service sectors. Economic growth should be balanced. It should be balanced in terms of sustainability, less inflation and harmony in the development of different segments.

Thus, balanced growth refers to the growth of different segments of the economy in a harmonious manner.

Thus, the correct answer is A.