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Identify and explain the concepts from the given illustrations: Kusumtai knowingly set up her business enterprise in the rural area so that people living there could be gainfully employed. - Economics

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Question

Identify and explain the concept from the given illustration:

Kusumtai knowingly set up her business enterprise in the rural area so that people living there could be gainfully employed.

One Line Answer

Solution

A. Identified concept: Rural industrialization.
B. Explanation of concept: Rural industrialization is a strategic process of establishing industries in rural areas to generate employment opportunities in rural areas Which in turn, leads to economic growth and development of the country.
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Rural Development in India
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Chapter 5: Rural Development in India - Exercise Q.4 [Page 35]

APPEARS IN

Balbharati Economics [English] 11 Standard
Chapter 5 Rural Development in India
Exercise Q.4 | Q 1 | Page 35

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