Question

for each of the sectors that we came across in the chapter why should one focus on empoyment and GDP? Could there be other issues which should be exanined? discuss.​

Answer 1

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______________ItzCrazyGirl❤___...

✅The share of each sector of the economy in the growth of empoyment and GDP should be analysed for future planning purposes.

✅India has a huge population which can be utilised for productivity purposes only when there is enough growth of empoyement and GDP in economy.

✅Increase in employment in the economy is mey to the development.

✅Growth of GDP contributes to the revenue of the govn. through higher tax collection.

Answer 2

The commons goals of the Five year plans are GDP growth and full employment and they help monitor and check the most important aspects of economic development like productivity, per capita, contribution to GDP and changes in employment rate. They also help to take necessary steps to improve upon and act for further development of the country's economy. The other issues which matter are : equitable distribution of wealth among people, balanced regional development, eradication of poverty, self reliance, achieving surplus food production, adapting to modern technology.