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 an example of a capital receipt for the government?
View QuestionWhat is “fiscal stimulus”?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat does the Gini Coefficient measure?
View QuestionWhich is the largest source of tax revenue for the Government of India?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhich of the following causes demand-pull inflation?
View QuestionWhat does “primary sector” of the economy include?
View QuestionWhat is the meaning of “supply-side economics”?
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