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INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT2 Marks
Question
Sanitation facility indicates which aspect of improvement?
✓

Answer

The composition of goods and services consumed by an individual during a period of one year determines the physical quality of life.
  • Sanitation facility and this indicates improvement in physical quality of human life.
  • Explain function of economic growth:
  • $Q = F (L, K, LB, T,...)$
  • Where, Q = Total production
  • $F =$ Function
  • $L =$ Land
  • $K =$ Capital
  • $LB =$ Labour
  • $T =$ Technology and other factors.

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