What do you mean by structural change? What is its relationship with economic development?

Solution

The occupational structure of a country refers to the distribution of its work- force according to different occupations. It indicates the structure of economic activities. It tells us on what sector the people of the country depend for their livelihood. It also indicates the level of development of the country. As a country develops, it undergoes structural changes. With the development of the economy the share of agriculture declines and the share of industry becomes dominant. At higher levels of development, the service sector contributes more to the GDP than the other two sectors. In India, the share of agriculture in GDP is declining and the share of service sector is increasing. It reflects the relationship of economic development and structural change.

Some More Questions From Indian Economy 1950-1990 Chapter

For Daily Free Study Material Join wiredfaculty

Indian Economy 1950-1990

What do you mean by structural change? What is its relationship with economic development?

Some More Questions From Indian Economy 1950-1990 Chapter

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.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

What are the main causes of backwardness of Indian agriculture?

What do you mean by land reforms?

What is consolidation of holdings?

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location