Economy, asked by sanjuprveen8417, 1 year ago

Which factors gave birth to consumer movement in india brainly?

Answers

Answered by Yuvrajpaul
0
In the broadest sense, economic development might be viewed as “any growth in real income per capita from whatever source”. Bach has described it as “growth in the total output of goods and services in the economy”. Novack has referred to a very old definition of economic growth, according to which it is “con­tinuous substantial increase in per capita consumption of goods and services”.

The substantial consumption of economic goods is possible only when there is substantial production of economic goods, and sub­stantial production these days depends upon greater use of technologies. In a narrower sense, therefore, it may be said that economic development refers to “the extensive application of inanimate power and other tech­nologies to the production and distribution of economic goods”.

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In this sense, economic development is practically equivalent to industrialisation. But to say that economic development is only indus­trialisation would not be correct because besides involving the use of power and technology in production, it also involves labour mobility, ex­tensive educational system, and so on.

Jaffe and Stewart (1951), who described economic development as “rationalization of economic production”, have given a dichotomy of de­veloped and underdeveloped countries on the basis of per capita income and factors like high literacy, high expectation of life at birth and low fertility, low proportion of labour force engaged in agriculture, and high production of kilowatts of electricity per capita.

Answered by Anonymous
1

Answer:

The factors that gave birth to the consumer movement in India are manifold. The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers. It started as a "social force" with the need to protect and promote consumer interests against unfair and unethical trade practices. These unfair practices in the market cause heavy loss to the consumer, they suffer from monetary loss as well as it affects their health. Extreme food shortages, hoarding, black marketing and adulteration of food led to the consumer movement becoming an organised arena in the 1960s. Till the 1970s, consumer organisations were mostly busy writing articles in newspaper, magazine and holding exhibitions. More recently, there has been an upsurge in the number of consumer groups who have shown concern towards ration shop malpractices and overcrowding of public transport vehicles. India has witnessed an upsurge in the number of consumer groups and these have succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interest of the consumers at large.In 1986, the Indian government enacted the Consumer Protection Act, also known as COPRA. This was a major step in the consumer movement in India.

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