EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY3 Marks
Question
Urbanization reduces poverty. Give reason.
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Answer
Reduction in poverty:
Poverty and unemployment are mutually related. Due to urbanization, industry and service sector creates large scale employment in cities which reduces poverty.
Moreover, rural poor and unemployed who come to urban areas get employment according to their capabilities and skills. This also helps in reducing poverty.
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