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What are the various means by which countries are trying to strengthen their own domestic economies? -

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Question

What are the various means by which countries are trying to strengthen their own domestic economies?

Options

  • Nations are ·forming various regional and economic groupings like SAARC, European Union, G-8, G-20, ASEAN, etc. in order to strengthen their economies

  • They are also interested in knowing the developmental process adopted by their neighbouring nation

  • Both Nations are ·forming various regional and economic groupings like SAARC, European Union, G-8, G-20, ASEAN, etc. in order to strengthen their economies and they are also interested in knowing the developmental process adopted by their neighboring nation.

  • None of the above

MCQ

Solution

Both Nations are ·forming various regional and economic groupings like SAARC, European Union, G-8, G-20, ASEAN, etc. in order to strengthen their economies and they are also interested in knowing the developmental process adopted by their neighboring nation.

Explanation:

The following are the numerous ways in which countries are attempting to strengthen their economy own national economies: Nations are developing several regional and international organizations. SAARC and European Economic Community Union, G-8, G-20, ASEAN, and others to help their economies to grow These organisations provide a unified platform for member countries to collaborate on raise their collective voice on common issues and concerns in order to protect their mutual interests. Furthermore, they are curious about the approach they took to developing neighbouring nations, in order to examine their advantages and disadvantages Consequently, they develop programs that speed up social advancement and the member's cultural development countries. Nations also liberalise their economies. their respective economies This reduces the government's role. economic activities D.t. interference The financial system by marl is governed.

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Gross Domestic Product and Sectors
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