#lesson
#plan
#growth
#index
#debate
The lesson starts with the reading of this paragraph taken from The Mint -Dated 18/6/2021
The annual ranking of 64 countries assesses the extent to which a country promotes the prosperity of its people by measuring economic well-being through hard data and survey responses from executives.
Among the four indices used, India’s ranking in government efficiency increased to 46 from 50 a year ago, while its ranking in other parameters such as economic performance (37), business efficiency (32) and infrastructure (49) remained the same.
The student can read this article in detail
Discussion based questions
Q1 What is the most important factors which you think can affect economic growth?
Q2 How much role does government plays in improving this index?
The students can also look at the graph as presentation of data and staistics
Q1. 1. Human Resource- lifestyle and education of citizens 2. Natural Resources 3. Research and technological development 4. Investments and infrastructure 5. Mindset of society, cultures, religions, politics
ReplyDeleteQ2. Government provides incentives and subsidies to the entrepreneurs.It has a major role in logistics like transportation, infrastructure and power. Provides employment to many. Sets prices for essential commodities, important for food security and has a hand in country's demand and supply. Policies and laws formulated like farm laws affect production and purchase. Govt spends on education and infrastructure. Also regulates the market.
Anjali Rahul 12 E 👆
DeleteAnirudh Srivastava 12-H
ReplyDeleteQ1) The important factors that effect economic growth are education, infrastructure, advancement in technology and various beliefs and norms of citizens of a country. But, the most important factor which i think effects economic growth is the efficiency of human capital in producing and regulating demand and supply of goods in an economy.
Q2) Government plays an important role in this index as it Provides opportunities to entrepreneurs to develop their idea. It also provides subsidies to weaker sections so that they can also play an active part in the competition. Government also promotes technological incentives and tries to regulate the market by keeping the inflation and deflation in check which also helps in improving the index.
Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.
ReplyDeleteCountries which emphasise on the betterment of these resources are generally the ones that have an upward graph in the economic growth and development of a country.
Governments play an integral part in the development of a country's economy by laying down rules and regulations which improve the working of these resources.
For instance, incentives made for improvement of human resources are education and better working conditions which in turn improves the economic growth of the country exponentially.
Khushi Sachdeva XII-E
Answer 1
ReplyDeleteThe most important factors that can affect the economic growth are as follows:
Inflation rates
Mindset of the citizens
Demand and supply of goods and services
Role of the public sector
And many more
Answer 2
The government of India helps in many ways and plays an important role in growing the index of the country .It provides incentives for the entrepreneurs so that they can grow and develop more and more new ideas about what can be done to enhance the competitiveness spirit etc . Government provides subsidized things to poorer / disadvantaged / backward section of the society so that they have basic means of life and can participate in competing with other countries etc.
ISHAAN GARG XII-G 👆👆
ReplyDeleteA1: The important factors are:
ReplyDelete(a) Human resources
(b) Natural resources
(c) Capital formation
(d) Technological development
A2: Govt plays an important role in this index as it provides different opportunities to people to develop their idea. It also provides subsides to weaker sections so that they can play an important role in the competition. Government also tries to regulate the markets which keeps a check and also helps in improving the index of the country.
Written by: Vibhor Chichra
Class: XI- F
While abundance of natural resources, capital formation and advancements in technology are huge contributors to the economic growth of a country, I think that the economic system, optimum utilization of (natural and human) resources, and the mindset of the citizens of the country play a much more powerful role in its development.
ReplyDeleteThe government formulates the rules and regulations which determine the path for the education system of the country, flourishment/fall of trading of goods and services and foreign investment, the policies/subsidies provided to the entrepreneurs for creating a comfortable environment to appreciate and uplift new ideas and innovations, etc.
Shreya Mangla
XI-F
Answer 1 - The most important factors to affect economic growth would be
ReplyDelete1. Human Resource
2. Capital Formation
3. Natural Resources
4. Technological development
5. Social Political Factors
6. Technology and Modernisation
Answer 2- The government plays a significant part in laying down the rules and regulations and law which directly affect the direction of our country's economic growth. It regulates the market, helps the weaker section of the society, controls laws of trade, gives opportunities to small businesses and entrepreneurs, promotes new technologies and implements monetary policy (prevent inflation etc) and fiscal policy.
Government formulates economic policies and strategies which are the base for economic growth.
- Eva Chaudhary 12-H
Ans 1- The most important factors that can affect economic growth are technology,skilled labour, infrastructure,mindset of the people and good services.
ReplyDeleteAns 2- Government plays a crucial role in improving economic index. It lays down rules and regulations to make the economy stronger. It encourages people to start their own businesses. It provides education and good working environment. Government provides fund for the improvement of several departments like technology and research departments. It also provides subsidies to the weaker/backward section
Ria Kalra
11-F
Answer 1)Main factors affecting the economic growth are:
ReplyDelete1. Human resources
if there will be no human then who will use the resources thus, human rescource play a very important role in the economic growth of a country.
2. Health
It reduces production losses due to worker illness, it increases the productivity of adult as a result of better nutrition, and it lowers absenteeism rates and improves learning among school children.
3. Education
It raises people's productivity and creativity and promotes entrepreneurship and technological advances. In addition it plays a very crucial role in securing economic and social progress and improving income distribution.
THESE FACTORS ARE THE MAIN FACTORS WHICH AFFECT THE ECONOMICAL DEVELOPMENT OF A NATION OTHER THAN THAT Technological development ,infrastructure and mindset of the citizens also play a role.
Answer 2) Government policies alway impact the economic growth of the country for example When we got independence our economy was based on agriculture then gradually when technical development took place our economy it further starts moving toward industrialization. When our government decided for liberalization then our economy exapanded and so now the companies of india can trade in the different countries of the world where as the other foreign companies can trade in India. This imapcted a lot of technical development, employment, modernization and increase in opportunities to our people.
Jeshna Balayan
IX D