Question

Dash means sustained increase in real per capita income that promotes economic welfare by reducing poverty, unemployment and inequality in distribution of income

Answer 1

Economic Growth means sustained increase in real per capita income

Explanation:

• Economic growth means sustained increase in real per capita income that promotes economic welfare by reducing poverty, unemployment and inequality in distribution of income.
• Economic growth is a fundamental requirement for the development of a country.  There was increase in the effect of economic growth in the form of creation of more employment opportunities, rise in wages and improvement in  income distribution.
• Economic growth will happen if the poor people are not below the poverty line.
• The living standards of people has risen up to a considerable extent.

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Dash means sustained increase in real per capita income that promotes economic welfare by reducing poverty, unemployment and inequality in distribution of income

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