Question : Inclusive growth refers to:
Option 1: Economic growth that benefits only a few individuals or groups
Option 2: Economic growth that benefits all individuals or groups
Option 3: Economic growth that benefits the government
Option 4: Economic growth that benefits foreign investors
Correct Answer: Economic growth that benefits all individuals or groups
Solution : The correct answer is (b) Economic growth that benefits all individuals or groups.
Inclusive growth refers to a form of economic growth that benefits all individuals or groups within a society. It emphasizes the equitable distribution of the benefits of economic growth, ensuring that no one is left behind and that the prosperity generated by economic development is shared by all segments of the population.
Inclusive growth focuses on reducing disparities and promoting opportunities for all individuals, including those who are marginalized or disadvantaged. It seeks to create an enabling environment where everyone has access to resources, services, and opportunities necessary to improve their well-being and participate in the growth process.
Question : Externalities refer to:
Option 1: Costs or benefits that spill over to third parties not directly involved in a transaction
Option 2: Costs or benefits incurred by the government
Option 3: Costs or benefits incurred by businesses only
Option 4: Costs or benefits incurred by consumers only
Question : The concept of sustainable development emphasizes:
Option 1: Economic growth at any cost
Option 2: Environmental protection at any cost
Option 3: Balancing economic growth and environmental protection
Option 4: Reducing economic growth for the sake of environmental protection
Option 4: Reducing economic growth for environmental protection
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