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Consider the following statements regarding Growth and Development of the country:
1. Economic development is quantitative as well as qualitative progress in an economy.
2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.
Which of these statements are correct?
- a)1 Only
- b)2 Only
- c)Both 1 and 2
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Growth and Development of...
- We can say that economic development is quantitative as well as qualitative progress in an economy.
- It means, when we use the term growth we mean quantitative progress and when we use the term development we mean quantitative as well as qualitative progress.
- If economic growth is suitably used for development, it comes back to accelerate the growth and ultimately greater and greater population brought under the arena of development.
This question is part of UPSC exam. View all UPSC courses
Most Upvoted Answer
Consider the following statements regarding Growth and Development of...
Explanation:
Growth and development are two terms that are often used interchangeably, but they have different meanings. Economic growth refers to an increase in the output or income of a country over a period of time, while economic development refers to both quantitative and qualitative progress.
1. Economic development is quantitative as well as qualitative progress in an economy.
This statement is correct. Economic development is not just about increasing the GDP or per capita income of a country, but also about improving the standard of living of the people. It includes improvements in education, healthcare, infrastructure, and other social indicators.
2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.
This statement is also correct. Growth refers to an increase in the size or quantity of something, while development refers to both quantitative and qualitative progress. Development includes improvements in the quality of life, social indicators, and human capital.
Therefore, both statements are correct. Economic development includes both quantitative and qualitative progress, while economic growth only refers to quantitative progress.
Growth and development are two terms that are often used interchangeably, but they have different meanings. Economic growth refers to an increase in the output or income of a country over a period of time, while economic development refers to both quantitative and qualitative progress.
1. Economic development is quantitative as well as qualitative progress in an economy.
This statement is correct. Economic development is not just about increasing the GDP or per capita income of a country, but also about improving the standard of living of the people. It includes improvements in education, healthcare, infrastructure, and other social indicators.
2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.
This statement is also correct. Growth refers to an increase in the size or quantity of something, while development refers to both quantitative and qualitative progress. Development includes improvements in the quality of life, social indicators, and human capital.
Therefore, both statements are correct. Economic development includes both quantitative and qualitative progress, while economic growth only refers to quantitative progress.
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Consider the following statements regarding Growth and Development of the country:1. Economic development is quantitative as well as qualitative progress in an economy.2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.Which of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding Growth and Development of the country:1. Economic development is quantitative as well as qualitative progress in an economy.2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.Which of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of the aboveCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Growth and Development of the country:1. Economic development is quantitative as well as qualitative progress in an economy.2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.Which of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Growth and Development of the country:1. Economic development is quantitative as well as qualitative progress in an economy.2. The term growth means quantitative progress and the term development means quantitative as well as qualitative progress.Which of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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