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A self-generating economy means
- a)A self-sufficient economy
- b)An economy which need not be a self-sufficient economy
- c)In which the rate of investment need not be increased
- d)One in which there is lop-sided development of industry and agriculture
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A self-generating economy meansa)A self-sufficient economyb)An economy...
A self-generating economy is a living economy which is designed to generate the conditions for life to thrive.
This question is part of UPSC exam. View all Class 10 courses
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A self-generating economy meansa)A self-sufficient economyb)An economy...
Self-generating Economy
A self-generating economy refers to an economic system where the rate of economic growth is such that it generates sufficient funds to meet the needs of the economy without external aid. In other words, a self-generating economy is a self-sustaining economy that does not require external help or resources.
Features of a Self-Generating Economy
1. Self-sufficiency: A self-generating economy is self-sufficient and does not rely on external aid or resources to meet its needs.
2. Balanced Growth: A self-generating economy is characterized by a balanced growth of different sectors, such as industry, agriculture, and services.
3. High Investment Rate: A self-generating economy requires a high rate of investment to ensure sustained economic growth.
4. Efficient Resource Allocation: A self-generating economy ensures efficient allocation of resources to different sectors of the economy.
5. Stable Economic Environment: A self-generating economy requires a stable economic environment to ensure sustained economic growth.
Advantages of a Self-Generating Economy
1. Self-sufficiency: A self-generating economy is self-sufficient and does not rely on external aid or resources to meet its needs.
2. Sustainable Economic Growth: A self-generating economy ensures sustained economic growth, which is essential for the long-term development of the economy.
3. Efficient Resource Allocation: A self-generating economy ensures efficient allocation of resources to different sectors of the economy.
4. Balanced Growth: A self-generating economy is characterized by a balanced growth of different sectors, which is essential for the long-term development of the economy.
5. Employment Opportunities: A self-generating economy creates employment opportunities, which is essential for the economic and social development of the country.
Conclusion
In conclusion, a self-generating economy is a self-sufficient and self-sustaining economic system that does not rely on external aid or resources to meet its needs. A self-generating economy requires a high rate of investment, efficient resource allocation, and a stable economic environment to ensure sustained economic growth and balanced development of different sectors of the economy.
A self-generating economy refers to an economic system where the rate of economic growth is such that it generates sufficient funds to meet the needs of the economy without external aid. In other words, a self-generating economy is a self-sustaining economy that does not require external help or resources.
Features of a Self-Generating Economy
1. Self-sufficiency: A self-generating economy is self-sufficient and does not rely on external aid or resources to meet its needs.
2. Balanced Growth: A self-generating economy is characterized by a balanced growth of different sectors, such as industry, agriculture, and services.
3. High Investment Rate: A self-generating economy requires a high rate of investment to ensure sustained economic growth.
4. Efficient Resource Allocation: A self-generating economy ensures efficient allocation of resources to different sectors of the economy.
5. Stable Economic Environment: A self-generating economy requires a stable economic environment to ensure sustained economic growth.
Advantages of a Self-Generating Economy
1. Self-sufficiency: A self-generating economy is self-sufficient and does not rely on external aid or resources to meet its needs.
2. Sustainable Economic Growth: A self-generating economy ensures sustained economic growth, which is essential for the long-term development of the economy.
3. Efficient Resource Allocation: A self-generating economy ensures efficient allocation of resources to different sectors of the economy.
4. Balanced Growth: A self-generating economy is characterized by a balanced growth of different sectors, which is essential for the long-term development of the economy.
5. Employment Opportunities: A self-generating economy creates employment opportunities, which is essential for the economic and social development of the country.
Conclusion
In conclusion, a self-generating economy is a self-sufficient and self-sustaining economic system that does not rely on external aid or resources to meet its needs. A self-generating economy requires a high rate of investment, efficient resource allocation, and a stable economic environment to ensure sustained economic growth and balanced development of different sectors of the economy.
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A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer?
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A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer?.
A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer?.
Solutions for A self-generating economy meansa)A self-sufficient economyb)An economy which need not be a self-sufficient economyc)In which the rate of investment need not be increasedd)One in which there is lop-sided development of industry and agricultureCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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