GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sustainable economic growth depends upon
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Investment, not saving
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Saving, not investment
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Both saving and investment
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Neither saving nor investment
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Explanation:
Detailed explanation-1: -"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Explanation :Saving makes the availability of fund for carrying out the investment activities. Investment cannot be carried out without saving.
Detailed explanation-2: -By definition, saving is income minus spending. Investment refers to physical investment, not financial investment. That saving equals investment follows from the national income equals national product identity.
Detailed explanation-3: -Accumulation of capital stock. Increases in labor inputs, such as workers or hours worked. Technological advancement. 01-Jun-2015
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