Process of economic development means increase in goods and services.

True

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False

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Solution

The correct option is B False
Process of economic development means socio-economic-ethical-institutional and cultural change in the society or country.

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Similar questions

Social and economic order and ideology that encourages the acquisition of goods and services in ever-increasing amounts is called ____________.

	Group-A		Group-B
(1)	Agriculture	(a)	Total many value of goods and services
(2)	Economic Development	(b)	Indicates economic welfare
(3)	Economic Growth	(c)	Primary sector
(4)	Industry	(d)	Secondary sector
(5)	National Income	(e)	Deliberate and planned
(6)	Per Capita Consumption	(f)	Natural growth

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