Subject: Economics
Book: Comprehensive Indian Economy - Additional Topics
Rural industrialization hinges on leveraging local resources (handicrafts, agro-processing), adopting advanced technologies, and plugging into global supply chains. Government supports cluster-based approaches (SFURTI, MSE-CDP) to upgrade product quality, promote common facility centers, and encourage brand building. In exam contexts, highlight how cluster models reduce costs, improve marketing channels, and empower rural entrepreneurs. Ensuring synergy with digital platforms for e-commerce can further expand reach, raising rural incomes and diversifying the local economy.
Which term refers to an economy that has elements of both capitalism and socialism?
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View QuestionWhich of the following is NOT part of the World Bank Group?
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View QuestionWhat is meant by “crowding out” in economics?
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