Question

Economic development is characterized by _____________________.

• A. Structural change in the economy
• B. Change in the occupational structure
• C. Both a and b
• D. none of these

Answer 1

The correct option is C Both a and b

Development is a sustained effort. Economic development of any nation can be characterized by the following:

1. Increases in output or production has to be sustained over a long period of time.
2. Changes in economic structure would spread out in the entire economy.
3. Growth has to be accompanied by an increase in efficiency.