Q41.' Modernisation is necessary increase in the country's capacity to produce the output of goods and services within the country'. (True/False) * O True O False
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Answer:
True
Explanation:
To increase the production of goods and services the producers have to adopt new technology. For example, a farmer can increase the output on the farm by using new seed varieties instead of using the old ones. Similarly, a factory can increase output by using a new type of machine. Adoption of new technology is called modernisation
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