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Framing suitable policies to solve inequalities of income denotes that economics is—
  • a)
    a science
  • b)
    an art
  • c)
    both a science and an art
  • d)
    neither science nor an art
Correct answer is option 'B'. Can you explain this answer?
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Framing suitable policies to solve inequalities of income denotes that...
A social science that recognizes the importance of equity and justice in economic systems. It acknowledges that the distribution of income and wealth is not just a matter of economic efficiency, but also a matter of social justice, human dignity, and political stability. Therefore, economics should aim to develop policies that address the root causes of inequality and promote inclusive growth, rather than simply relying on market mechanisms to allocate resources. This requires a holistic approach that considers the interplay of economic, social, and political factors, and involves a collective effort from all stakeholders to work towards a fairer and more just society.
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Framing suitable policies to solve inequalities of income denotes that...
Option C
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Framing suitable policies to solve inequalities of income denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither science nor an artCorrect answer is option 'B'. Can you explain this answer?
Question Description
Framing suitable policies to solve inequalities of income denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither science nor an artCorrect answer is option 'B'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Framing suitable policies to solve inequalities of income denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither science nor an artCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Framing suitable policies to solve inequalities of income denotes that economics is—a)a scienceb)an artc)both a science and an artd)neither science nor an artCorrect answer is option 'B'. Can you explain this answer?.
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