BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial assistance
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Entrepreneurial support
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Tax incentives
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All of these
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Detailed explanation-1: -Backward regions having the characteristics of high level of equilibrium trap, economy is largely subsistence one, lack of infrastructure facilities, adverse geo-climate conditions, low investment rate, high rate of population growth and low levels of urbanization and industrialization.
Detailed explanation-2: -Various strategies have been used in the developing countries for the purpose of development of backward areas. The macro strategies followed are: balanced growth, growth pole/growth centre theory, import substitution industrialization, export-led growth and nucleus industries.
Detailed explanation-3: -Indian planning for area backwardness, growth with justice is one of the main objectives of planning in India. It promises the promotion of socio-economic upliftment of backward people on one hand and the development of resource potentials of backward areas, on the other.