Which statement best summarizes a major challenge in India’s economy?
A.
High competition causes businesses to collapse.
B.
Tariffs, quotas, and other protective regulations limit trade.
C.
The government does not invest in improvements to job training and machinery.
D.
Outsourcing leads to fewer jobs.
B.
Tariffs, quotas, and other protective regulations limit trade.
To determine which statement best summarizes a major challenge in India's economy, we need to evaluate each option.
A. High competition causes businesses to collapse.
This statement suggests that intense competition leads to the failure of businesses. While competition can be a challenge, it is not a major factor unique to India's economy.
B. Tariffs, quotas, and other protective regulations limit trade.
This statement indicates that protective measures like tariffs and quotas restrict international trade. Such restrictions can indeed pose challenges to economic growth and development.
C. The government does not invest in improvements to job training and machinery.
This statement suggests that the government does not prioritize investment in job training and machinery upgrades. Limited investment in these areas can hinder productivity and competitiveness, making it a significant challenge for the economy.
D. Outsourcing leads to fewer jobs.
This statement suggests that outsourcing, or the practice of companies contracting work to external parties, results in a reduction in job opportunities. While outsourcing can impact employment to some extent, it may not be the most significant challenge facing India's economy.
Upon evaluating the options, it appears that option C, "The government does not invest in improvements to job training and machinery," best summarizes a major challenge in India's economy. To understand this, one could analyze reports, studies, or articles discussing government investment in job training and machinery in India, along with the effects it has on the economy.