Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2020 Mains or browse the complete PYQ collection.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
More Economy questions
From across UPSC, JKPSC, and JKSSB papers — same subject, different years.
According to the economist Coulborn, "too much money chasing too few goods" is
National urban transport policy emphasizes on moving people instead of moving vehicles. Discuss critically the success of various strateg...
Ricardo assumes the law of diminishing ________.
As per the economic scholars, __________ was excluded from the definition of factor of production.
While we found India’s demographic dividend, we ignore the dropping rates of employability. What are we missing while doing so? Where wil...