Question : Which of the following measures will not increase a nation's wealth?
Option 1: Investing in new companies
Option 2: Increasing the efficiency of factories
Option 3: Converting grasslands into orchards
Option 4: By redistributing taxes as subsidies
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Correct Answer: By redistributing taxes as subsidies
Solution : The correct answer is By redistributing taxes as subsidies
One economic development strategy is tax redistribution, which tries to close the wealth gap between different societal groups. Its primary goal is to promote equality; economic growth is not its intended outcome. The Indian Constitution codified equality as a principle, which gives measures their credibility.
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