Which of the following factors is impeding economic growth in India?
A.
poor infrastructure
B.
its command economy
C.
microlending
D.
outsourcing
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Thank you Mrs. sue that really helped :) HAPPY HOLIDAYS
But what is the answer? I have the same prob. so i need it ASAP.
I think the answer is A.. ?
A.) Poor Infrastructure. (/_ /)
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Man it messed up my guy.. (let’s try again) (/_/)
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To determine which factor is impeding economic growth in India, let's analyze each option:
A. Poor infrastructure: Infrastructure refers to the basic physical and organizational structures needed for the operation of a society or enterprise. Inadequate infrastructure, such as transportation, power supply, and communication networks, can hinder economic growth by limiting productivity and efficiency. To assess whether poor infrastructure is impeding economic growth in India, we can look at various sources such as economic reports, studies, and news articles that discuss the impact of infrastructure on India's economy. Examining data on the state of India's transportation system, availability of electricity, and connectivity can provide insights into the role of infrastructure in hindering economic growth.
B. Command economy: Command economy refers to an economic system in which the government has complete control over production, allocation, and distribution of goods and services. Historically, command economies have been associated with slower economic growth compared to market-based economies, as centralized decision-making may result in inefficiencies and resource misallocation. To evaluate whether India's command economy is impeding economic growth, we can analyze India's economic policies, government interventions, and regulations, as well as studies and analyses on the impact of such policies on India's economy.
C. Microlending: Microlending, also known as microfinance, involves providing small loans to individuals or entrepreneurs who usually lack access to traditional banking services. It aims to promote financial inclusion and entrepreneurship. While microlending can potentially stimulate economic growth by providing individuals with capital to start or expand businesses, it may also present challenges, such as high interest rates, limited borrower capacity, and over-indebtedness. Evaluating the impact of microlending on India's economic growth requires examining studies, reports, and case studies that assess the effectiveness and limitations of microfinance initiatives in India.
D. Outsourcing: Outsourcing refers to the practice of contracting certain business processes or tasks to external vendors or organizations. India has been a popular destination for outsourcing, particularly in the IT and business process outsourcing (BPO) sectors. On one hand, outsourcing has played a significant role in India's economic growth by creating jobs, generating foreign exchange, and promoting the development of specialized skills. On the other hand, the reliance on outsourcing can lead to potential risks, such as job displacement, wage stagnation, and over-dependence on a single industry. To determine whether outsourcing is impeding economic growth in India, we can examine data on employment trends, industry diversification, and the overall contribution of outsourcing to the Indian economy.
By conducting research and analysis using sources such as economic reports, studies, and news articles, we can ultimately identify the factor that is impeding economic growth in India.