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Human Capital

Expansion of ...

Question

Expansion of one industry facilitates the expansion of the other. How economic growth can become a dynamic process and a self-propelling activity of change?

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Solution

Availability of proper means of transport and communication, ample sources of energy and a developed system of banking and finance generate an environment of inter-industrial linkages.

In this situation, expansion of one industry facilitates the expansion of the other. Accordingly, growth becomes a dynamic process and a self-propelling activity of change.

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