Subject: Economics
Book: Comprehensive Indian Economy
Rising inequality can undermine social cohesion, limit mass consumer demand, and perpetuate poverty cycles. Factors include uneven distribution of assets, skill disparities, and growth concentrated in high-end services. Tools like the Gini coefficient measure inequality. Strategies to address it involve progressive taxation, social sector spending, and rural employment programs. Students should note how inequality interacts with caste, gender, and regional divides. Examiners often test knowledge on welfare economics, policy instruments (subsidies, direct transfers), and the trade-offs between rapid growth vs. equitable distribution. A balanced approach fosters stable socio-economic development.
What is meant by the term “current account deficit”?
View QuestionWhat is “fiscal stimulus”?
View QuestionWhat does the “Phillips Curve” show?
View QuestionWhat is meant by “monetary policy”?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhat is meant by “liquidity trap”?
View QuestionWhich of the following is a direct tax?
View QuestionWhat is meant by “crowding out” in economics?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat is the Phillips Curve?
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