Question

What is meant by economic growth?

Solution

Economic growth means a consistent increase in GDP or a consistent increase in the level of output or a consistent increase in the flow of goods and services in the economy over a long period of time.

Some More Questions From Indian Economy 1950-1990 Chapter

What do you mean by economic planning?

In India who is the chair person of Planning Commission?

Who formulate plans in India?

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Indian Economy 1950-1990

What is meant by economic growth?

Some More Questions From Indian Economy 1950-1990 Chapter

What do you mean by economic planning?

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?

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