Q. 94.7( 6 Votes )
Does modernisatio
Answer :
Modernisation as a planning objective means introducing new technologies. The use of advanced technology requires less labour for one unit of output so in some way modernization create unemployment at the beginning, but in long run modernization will not contradict with employment generation because with help of modern technology the GDP will increase, which will increase the income and demand and this will require more output and hence it will generate job opportunities.
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Expertsview all courses
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
RELATED QUESTIONS :
Explain how impor
NCERT - Indian Economic DevelopmentWhat is sectoral
NCERT - Indian Economic DevelopmentWhy was it necess
NCERT - Indian Economic DevelopmentWhy was public se
NCERT - Indian Economic DevelopmentWhat is Green Rev
NCERT - Indian Economic DevelopmentWhy, despite the
NCERT - Indian Economic DevelopmentWhy and how was p
NCERT - Indian Economic DevelopmentWhile subsidies e
NCERT - Indian Economic DevelopmentExplain ‘growth w
NCERT - Indian Economic DevelopmentDoes modernisatio
NCERT - Indian Economic Development