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How Are the Rates of Consumption of Energy and Economic Growth Connected? - Economics

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How are the rates of consumption of energy and economic growth connected?

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Solution

The rate of consumption of energy is crucial for economic growth or development process of a nation. The consumption of renewable sources of energy is related to sustainable economic development. The renewable sources of energy are free from pollution and health hazard. Also, energy consumption is essential for promoting agriculture and industrial process. Hence, more use of renewable source of energy leads to more sustained economic development.

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Chapter 8: Infrastructure - Exercise [Page 159]

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NCERT Economics - Indian Economic Development [English] Class 12
Chapter 8 Infrastructure
Exercise | Q 12 | Page 159
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