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Economics - Development Video Lecture | NCERT Video Summary: Class 6 to Class 12 (English) - UPSC
FAQs on Economics - Development Video Lecture - NCERT Video Summary: Class 6 to Class 12 (English) - UPSC
| 1. What is economic development? |  |
Ans. Economic development refers to the sustained increase in the standard of living and well-being of individuals in a country. It involves the improvement of various economic indicators such as per capita income, employment opportunities, educational attainment, healthcare facilities, infrastructure development, and technological advancement.
| 2. What are the key indicators of economic development? | |
Ans. Key indicators of economic development include per capita income, poverty rate, literacy rate, life expectancy, access to healthcare, infrastructure development, employment rate, and human development index (HDI). These indicators help in measuring the progress and quality of economic development in a country.
| 3. How does economic development impact poverty reduction? | |
Ans. Economic development plays a crucial role in reducing poverty. As a country experiences economic growth and development, it creates employment opportunities, increases income levels, improves access to education and healthcare, and enhances overall living standards. These factors contribute to poverty reduction by providing individuals with the means to escape from poverty and improve their well-being.
| 4. What are the different approaches to economic development? | |
Ans. There are various approaches to economic development, including the structuralist approach, neoliberal approach, and the human development approach. The structuralist approach focuses on industrialization and import substitution to promote economic development. The neoliberal approach emphasizes market-oriented policies and free trade for economic growth. The human development approach prioritizes investing in human capital, education, healthcare, and social welfare to achieve sustainable development.
| 5. How can governments promote economic development? | |
Ans. Governments can promote economic development through various measures. These include implementing policies that encourage investment, entrepreneurship, and innovation; improving infrastructure and connectivity; providing access to quality education and healthcare; ensuring a conducive business environment; promoting trade and foreign direct investment; and addressing social and economic inequalities through inclusive policies and targeted interventions.
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