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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
62. the progress of economic development refers to (1) growth of national income over time (2) growth of per capita income and standard of living (2) (3) full e
62. The progress of economic development refers to (1) Growth of national income over time (2) Growth of per capita income and standard of living (2) (3) Full employment of the entire population Growth of national income with structural changes in the economy (4)
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Nidhi taparia Best Answer
62. Much like the other questions on development, this is a tricky question because no one answer seems fully appropriate. But I would suggest that (4) is the most suitable. I feel option (4) includes option (2) because it is structural problems that ensure the fruits of development and high growth GDP do not reach everywhere. So when national income is rising and structural issues are being getting rid off, that seems to be closest to the definition of development.