1) India is known as a Democratic country?
2) India is an undevelopment country?
3) economic refer poliey come in 1988 ?
4) Economic development also called economic Growth ?
Answers
Answer:
1) Though India became a free nation on August 15, 1947, it declared itself a Sovereign, Democratic and Republic state with the adoption of the Constitution on January 26, 1950. ... The Constitution gave the citizens of India the power to choose their own government and paved the way for democracy.
2) India, which for long has been defined as the underdeveloped country, now is called a developing economy. ... India is a developing economy but it has features of an underdeveloped economy like low per capita in come, low levels of living, Rapid growth of population, unemployment, poor quality of human capital etc
3) Microeconomic reform (or often just economic reform) comprises policies directed to achieve improvements in economic efficiency, either by eliminating or reducing distortions in individual sectors of the economy or by reforming economy-wide policies such as tax policy and competition policy with an emphasis on economic .
4) Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development".