How can we achieve the parity between the actual level of the output and the potential level of output in the indian economy? State two possible stes?
Answers
Explanation:
India is a country having a huge population, so on the basis of the population, the potential level of output should also be high enough, but in Indian economy, which is calculated theoretically by the strength in capacity should be very high but the present scenario,on the basis of calculation done by the practical output given are very low.
The reasons for the difference in these numbers are :-
Unemployment.
Lack of education.
Corrupt politics resulting in unequal opportunities.
hope it's help...
♠️♠️♠️♠️♠️
Answer:
How can we achieve the parity between the actual level of output and the potential level of output in the indian economy?state two possible steps.
The actual level of output produced by Indian economy is less than its potential level of output, possible steps to achieve the parity between the actual level of output and the potential level of output in the indian economy are:-
factors that are serving as a hindrance for Indian economy to achieve its potential level of output.
India's economy has more to gain by achieving gender parity than any other in the world., by reducing gender inquality we achieve the parity between the actual level of output and the potential level of output in the indian economy
by providing employment we achieve the parity between the actual level of output and the potential level of output in the indian economy.