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Poverty alleviation - Human Resources and Economic Development, Indian Economy Video Lecture | Indian Economy - B Com

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FAQs on Poverty alleviation - Human Resources and Economic Development, Indian Economy Video Lecture - Indian Economy - B Com

1. What is poverty alleviation?
Ans. Poverty alleviation refers to the actions and measures taken to reduce or eliminate poverty in a society. It involves implementing strategies and programs that aim to improve the economic conditions and living standards of individuals and communities living in poverty.
2. How does human resources contribute to poverty alleviation?
Ans. Human resources play a crucial role in poverty alleviation. By investing in education, training, and skill development, individuals can enhance their employability and income-earning potential. This, in turn, leads to improved economic opportunities and a higher standard of living, ultimately helping to reduce poverty.
3. What is the relationship between economic development and poverty alleviation?
Ans. Economic development and poverty alleviation are closely intertwined. Economic development refers to the sustained increase in a country's economic output and income levels. As the economy grows, it creates more job opportunities, increases incomes, and improves access to basic services, all of which contribute to reducing poverty.
4. How does the Indian economy address poverty alleviation?
Ans. The Indian economy addresses poverty alleviation through various initiatives and policies. Some of the key measures include the provision of social welfare programs, such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which guarantees a minimum level of employment and income for rural households. The government also focuses on promoting inclusive growth, improving access to education and healthcare, and facilitating skill development and entrepreneurship.
5. What role does the B Com degree play in poverty alleviation and economic development?
Ans. A B Com degree can contribute to poverty alleviation and economic development in several ways. Graduates with a B Com degree possess essential business and financial skills that are crucial for the growth of industries and enterprises. By applying their knowledge and expertise, B Com graduates can contribute to job creation, entrepreneurship, and overall economic development, which ultimately helps in reducing poverty levels. Additionally, their understanding of financial management can assist in effectively utilizing resources and implementing poverty alleviation programs.
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