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Goals of Planning

What distingu...

Question

What distinguishes economic growth from economic development is that the latter implies?

A

An increase in per capita income

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B

Changes in institutions and attitudes

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C

Concern for ecology and environment

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D

All of the above

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Solution

The correct option is B Changes in institutions and attitudes
Option: (b)

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Similar questions

Q. Distinguish between the following.

1. Per capita income and national income.

2. Economic growth and Economic development

Q. Fill in the blanks with appropriate alternative given in the bracket.

1. Economic growth without__________ is possible.
(Economic development, education, capital, trade)

2. In modern times the_________is an economic leader
(entrepreneur, actor, social worker, minister)

3. Industrial development increases_______________
(Poverty, population, urbanization, unemployment)

4. Per capita income is ____________ divided by the total population.
(Per capita consumption, national income, human development, human development, net national product.)

Q. Who gave the following statement?
"Economic Development is the process by which an economy is transformed from one whose rate of growth of per capita income is small or negative, to one in which a significant self-sustained rate of increase of per capita income is a permanent and long term feature".

Q. Why is per capita income not an adequate indicator of the economic development of a country?

Q. State whether the following statements are true or false.

1. Economic development is not so important for a country like India.

2. Economic growth means increase in real national income.

3. Economic development involves only economic growth.

4. Economic development is a smooth and simple process.

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Goals of Planning

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