ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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core-periphery model
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dependency ratio
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demographic transition
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push factor
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Detailed explanation-1: -Clustering is the phenomenon whereby firms from the same industry gather together in close proximity. It is particularly evident in industries like banking.
Detailed explanation-2: -A newly industrialized country (NIC) is a term used by political scientists and economists to describe a country whose level of economic development ranks it somewhere between developing and highly developed classifications.
Detailed explanation-3: -Industrial Policy is the set of standards and measures set by the Government to evaluate the progress of the manufacturing sector that ultimately enhances economic growth and development of the country.
Detailed explanation-4: -5. The Industrial Policy Statement of 1977 laid emphasis on decentralisation and on the role of small-scale, tiny and cottage industries. 6.