Analyze the information given below, considering one of the following correct options:"It is expected from a government that it should bring economic growth and development. But many democracies of the world are unable to fulfill this expectation because of population size, global situation, cooperation from other countries, economic priorities, etc."a)Economic outcomesb)Economic growth and developmentc)Legitimate governmentd)Reduction of inequality and povertyCorrect answer is option 'B'. Can you explain this answer?

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Analyze the information given below, considering one of the following correct options:

"It is expected from a government that it should bring economic growth and development. But many democracies of the world are unable to fulfill this expectation because of population size, global situation, cooperation from other countries, economic priorities, etc."

a)
Economic outcomes
b)
Economic growth and development
c)
Legitimate government
d)
Reduction of inequality and poverty

Correct answer is option 'B'. Can you explain this answer?

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Analyze the information given below, considering one of the following...

Economic Growth refers to the increment in the amount of goods and services produced by an economy. Economic growth means an increase in real national income / national output. Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care.

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Analyze the information given below, considering one of the following...

Economic growth and development

In the given information, it is mentioned that it is expected from a government to bring economic growth and development. However, many democracies of the world are unable to fulfill this expectation due to various reasons such as population size, global situation, cooperation from other countries, economic priorities, etc.

Explanation:

1. Importance of economic growth and development:
Economic growth and development are crucial for the progress and well-being of a nation. It refers to the increase in the production and consumption of goods and services over time, leading to an improvement in the standard of living and overall economic welfare of the population.

2. Expectation from the government:
Governments are responsible for creating an environment that fosters economic growth and development. It is expected that governments implement policies and initiatives that promote investment, innovation, job creation, and sustainable development.

3. Challenges faced by democracies:
Despite the expectations, many democracies around the world struggle to achieve significant economic growth and development. This can be attributed to several factors:

- Population size: Countries with large populations often face challenges in providing employment opportunities, basic services, and infrastructure to their citizens. The sheer size of the population can strain resources and hinder economic progress.

- Global situation: The global economic situation plays a significant role in a country's economic growth. Factors such as economic recessions, trade wars, and geopolitical tensions can adversely affect a nation's economy, limiting its ability to achieve desired growth and development.

- Cooperation from other countries: Economic growth is not solely dependent on a single country's efforts. International cooperation and partnerships are essential for trade, investment, and technological advancements. Lack of cooperation from other countries can impede a nation's economic progress.

- Economic priorities: Governments may have competing economic priorities, such as reducing unemployment, controlling inflation, or addressing income inequality. Balancing these priorities and making appropriate policy decisions can be challenging, impacting the pace of economic growth.

Conclusion:

In conclusion, the correct option 'B' (Economic growth and development) is supported by the given information. While it is expected from a government to bring about economic growth and development, many democracies face obstacles such as population size, global situation, cooperation from other countries, and economic priorities, which hinder their ability to fulfill this expectation.

Answered by Dr Manju Sen · View profile

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Analyze the information given below, considering one of the following correct options:"It is expected from a government that it should bring economic growth and development. But many democracies of the world are unable to fulfill this expectation because of population size, global situation, cooperation from other countries, economic priorities, etc."a)Economic outcomesb)Economic growth and developmentc)Legitimate governmentd)Reduction of inequality and povertyCorrect answer is option 'B'. Can you explain this answer?

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