Question

The five year plans place a lot of emphasis on industrial development because:

Options

• Economists have found that poor nations can progress only if they have a good industrial sector.

• Industry provides employment which is more stable than the employment in agriculture.

• It promotes modernisation and overall prosperity.

• All of the above

Answer 1

All of the above

Explanation:

The five year plans emphasize industrial development because economists recognize that poor nations can progress only if they have a strong industrial sector. Industry provides more stable employment compared to agriculture and promotes modernization and overall prosperity. Thus, industrial development is crucial for economic growth, employment stability, and modernization.