Economy, asked by abdulshareefofficial, 5 months ago

growth and modernisation are complementary to each other.Do you agree with this statement ? substantiate​

Answers

Answered by Anonymous
29

Answer:

Modernisation theory underpinned the idea of development as growth, with modernisation defined as a linear path towards a developed industrial society. ... The resulting growth theories assumed that wealth generated through economic growth would trickle down and eventually benefit all segments of society.

Answered by Anonymous
25

Yes, I do agree with the given statement.

  • Modernisation is equivalent to development in the different sectors. A modernisation without development is pointless and cannot be considered as proper modernisation. So, a proper modernisation also bring proper development.
  • Now, we know that the growth is totally dependent on the amount of development taking place in a nation.
  • If the modernisation is able to bring development, then the arrival of the growth is a hundred percent sure thing.
  • But, if the modernisation isn't contributing for the development, then growth is rarely observed.
  • So, everything is based upon situation to situation differences.
  • But, as a allover generalisation, the modernisation and growth are complementary.
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