Question

40.
Which one of the following statement should be used as a key phrase to denote the
new economic era?
(1) Production of industrial wealth accompanied by social justice
(2)
Production of industrial wealth accompanied by overproduction
(3) Production of industrial wealth accompanied by justice to producers and
consumers
(4) Production of industrial wealth accompanied by personal development​

Answer 1

Answer:

Production of industrial wealth accompanied by justice to producers and consumers is used as a key phrase to denote the new economic era.

Option (3)

Explanation:

Because economic development should accomplish both targets. Economic development is the method of enhancing a country, area or local community's urban well-being and quality of life.

The word was widely used in the twentieth and twenty-first centuries but the definition has persisted in the West for decades.