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Question

‘Economic growth model’ of development is not concerned with :

The correct answer is
Sustainability

Economic Growth Model Focus

The question asks what is generally not a primary concern of the traditional 'Economic growth model' of development. These models typically focus on increasing the output and material wealth of an economy.

Analyzing Development Indicators

Let's examine the options in relation to the economic growth model:

  • G.N.P. (Gross National Product): A key measure of economic output, directly related to economic growth models.
  • Per capita income: Represents the average income per person, another crucial indicator of economic growth and living standards improvement within these models.
  • Capital accumulation: Refers to the increase in the stock of capital (machinery, buildings, etc.), which is a fundamental driver in most economic growth theories.
  • Sustainability: This concept focuses on long-term environmental, social, and economic well-being, ensuring resources are available for future generations. While increasingly important in modern development discourse, it was not a central tenet of early economic growth models which prioritized quantitative output increases.

Identifying the Outlier

Traditional economic growth models are primarily concerned with the *rate* of increase in production and income. Sustainability, while vital for overall development, addresses the *quality* and *long-term viability* of that growth, which falls outside the narrow scope of older economic growth frameworks.

Conclusion

Therefore, the 'Economic growth model' of development is traditionally not concerned with Sustainability.

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Important Questions from Economy and Society

  1. Which of the following theories is credited to have changed the apologetic view of capitalism into a pragmatic one?

  2. 'Every society is divided into groupings and strata with distinetive life styles' who said this?

  3. What do you call a worker whose job involves encouraging others to consume goods, services and cultural products?
  4. In which year the National Policy on Education (NPE) was framed
  5. The clear Division of labour between husband and wife in the ___________ family of 40 or 50 years ago explained by Household model. 

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