ECONOMICS (CBSE/UGC NET)

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ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following are likely to be favourable to the economic growth of developing countries?(1) Many multinationals move their headquarters to developing countries from their home countries.(2) Many developing countries take actions to tackle corruption.(3) Developing countries start using trade barriers to protect their infant industries.
A
(1) and (2) only
B
(1) and (3) only
C
(2) and (3) only
D
(1), (2) and (3)
Explanation: 

Detailed explanation-1: -Overall, this study also-concluded that developing countries classified as market economies generally achieved greater economic success, both in international comparison and over time in the case of countries that had undergone political change.

Detailed explanation-2: -Natural resources are the number one factor that spurs economic growth. It makes economic growth considerably easier. Consider the case of countries like Dubai or other Middle East nations. The fact that they are rich in oil resources has literally been the defining factor of their economies.

Detailed explanation-3: -There are three main factors that drive economic growth: Accumulation of capital stock. Increases in labor inputs, such as workers or hours worked. Technological advancement.

Detailed explanation-4: -Tax Cuts and Tax Rebates. Stimulating the Economy With Deregulation. Using Infrastructure to Spur Economic Growth.

There is 1 question to complete.
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