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Identify and explain the concepts from the given illustrations : As per the data for financial year 2018-19, the country's production of goods and services increased by 20% - Economics

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प्रश्न

Identify and explain the concept from the given illustration :

As per the data for financial year 2018-19, the country's production of goods and services increased by 20%

एक पंक्ति में उत्तर
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उत्तर

(A) Identified concept : Economic growth

(B) Explanation of concept: Economic growth refers to quantitative increase in real national Income (production of final goods and services).

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अध्याय 1: Basic Concepts in Economics - Exercise Q.3 [पृष्ठ ८]

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बालभारती Economics [English] Standard 11 Maharashtra State Board
अध्याय 1 Basic Concepts in Economics
Exercise Q.3 | Q 3 | पृष्ठ ८
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