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Question

Q. The economic growth process that is sustainable and yields broad-based benefits and ensures equality of opportunity for all is termed as:

A
Balanced growth
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B
Inclusive growth
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C
Faster growth
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D
Sustained growth
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Solution

The correct option is B Inclusive growth

Explanation:

The Organisation for Economic Co-operation and Development (OECD) defines Inclusive growth as economic growth that is distributed fairly across society and creates opportunities for all.

  • The UN Brundtland commission’s report ‘Our Common Future (1987)’ defined sustainable development as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Hence option (b) is correct.

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