SSC
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following statements best describes economic development?
|
|
It always accompanies economic growth
|
|
|
It indicates the increase in GDP
|
|
|
It is reflected in the quality of life of the people
|
|
|
It is a quantitative concept
|
Explanation:
Detailed explanation-1: -The correct answer is (a) Economics studies production and distribution of services and goods.
Detailed explanation-2: -Grow the Economy Growing businesses and creating jobs increases revenue. It puts people to work, which puts money in their pockets, which helps them build a better life.
There is 1 question to complete.