Tag: economics of development
Questions Related to economics of development
Modern view of economic development presumed that the increase in per capita income would trickle down to the masses, thus, reducing income inequalities and poverty.
The experience of many developing countries showed that the 'trickle down strategy' of economic development did not work.
Which view of economic development presumed that the increase in per capita income would trickle down to the masses, thus, reducing income inequalities and poverty?
Traditional approach strictly defines economic development in terms of ____________.
Economic growth involves quantitative changes in output along with qualitative changes in the form of ______________.
Economic growth and economic development are both entirely quantitative concepts.
Economic development is a more ___________ term as compared to economic growth.
Economic development refers to ______________ accompanied by changes in the socio-economic structure of the economy.
Traditional approach to economic development gave a __________ definition of economic development.
Economic development refers to economic growth accompanied by changes in the ____________ structure of the economy.