☰
✕

Indian Economy 1950-1990
Question
Wired Faculty App

What structural change undergoes with development of the economy?

Answer

As an economy develops, the share of the agriculture declines and the share of industry becomes dominant. At higher levels of development the service sector contributes more to GDP than the other two sectors.

Sponsor Area

Some More Questions From Indian Economy 1950-1990 Chapter

In India who is the chair person of Planning Commission?

Who formulate plans in India?

Who floated the idea of planning in India first of all?

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.