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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
Where do the quantitative and qualitative changes occur?
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Answer

  • Quantitative and qualitative changes are characteristics of economic development.
  • -During economic development, ‘output’ which is a quantitative change increases.
  • Due to research and innovation, the quality of the products which is a qualitative aspect also improves.
  • However, it should be noted that there is more of qualitative improvement rather than quantitative.

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