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.
Which of the following is a feature of monopolistic competition?
View QuestionWhich of the following is an example of fiscal policy?
View QuestionWhat is the Phillips Curve?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhat does the Gini Coefficient measure?
View QuestionWhat is “quantitative easing”?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhich of the following is a direct tax?
View Question