EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY2 Marks
Question
‘Urbanization leads to income inequalities.’ Explain.
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Answer
In urban areas, on one hand there are intellectuals who are very highly educated, entrepreneurs and business magnates whose income levels are very high. While on the other hand, there are poor labourers who are illiterate, who do not have any expertise and who do not know anything except physical labour and hence have very low incomes. Hence
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