Multiple choice

The first basic principle of Gandhian economic thought is

  1. trusteeship

  2. simple living

  3. bread labour

  4. non-possession
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A Correct answer
Explanation

The first basic principle of Gandhian economic thought is trusteeship, i.e. an individual or group of individuals is free, not only to make a decent living through an economic enterprise, but also to accumulate their surplus wealth above what is necessary to meet the basic needs and investment, should be held as a trust for the welfare of all, particularly of the poorest and most deprived.

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