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Question : 35
Total: 47
"Rapid increase in economic growth surely trickles down to the people under the absolutely poor category."
Defend or refute the given statement with valid argument.
Defend or refute the given statement with valid argument.
Solution:
I defend the statement that "rapid increase in economic growth surely trickles down to the people under the absolutely poor category as:
(i) GDP Growth is an ultimate solution: When the pace of GDP growth is accelerated new opportunities of employment are generated. Greater the employment, more inclusive would be the growth process implying lesser poverty.
(ii) Population control : Poverty can be removed only if growth rate of population is controlled so that increase in GDP is transferred into increase in per capita GDP.
(iii) Stability in Price level : Price stability is also an essential pre-requisite of poverty alleviation. If prices continues to rise, then standard of poor people will continue to deteriorating.
(i) GDP Growth is an ultimate solution: When the pace of GDP growth is accelerated new opportunities of employment are generated. Greater the employment, more inclusive would be the growth process implying lesser poverty.
(ii) Population control : Poverty can be removed only if growth rate of population is controlled so that increase in GDP is transferred into increase in per capita GDP.
(iii) Stability in Price level : Price stability is also an essential pre-requisite of poverty alleviation. If prices continues to rise, then standard of poor people will continue to deteriorating.
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