Question

Q. The statements which are not applicable to economic development : (a) Economic development is natural. (b) Economic development is possible without economic growth. (c) Economic development includes economic growth plus progressive changes. (d) Economic development is a wider concept. Options : (1) a and b (2) c and d (3) a, b and d de (4) None of the above​

Answer 1

Answer:

option c and d are correct

Answer 2

A and b are not true in the context of economic development.

Explanation:

• Economic development refers to the process of production of more goods and services in an economy. It also includes factors such as an increase in per capita income, increasing the income of various sectors, etc.
• Economic development is a process that depends upon the activities done by human beings. It is also important to note that economic growth is the major factor behind economic development.
• Moreover, economic development can be referred to as a process that not only includes the growth of the economy but also the progressive improvements in the social structure.
• It is also a very wide concept that includes not only the monetary concepts but also the non-monetary factors.
• Therefore, (1) a and b is the correct answer as these are not true in respect of economic development.