The term welfare refers to:
The term welfare refers to:
(a) Increase in production of goods and services
(b) Sense of material well-being among the people
(c) Sense of feeling proud for the nation
(d) None of these
Anurag Pathak Changed status to publish December 14, 2023
Ans – (b)
Explanation:-
GDP is often considered as an index of the welfare of the people. Welfare means a sense of material well-being among the people. It depends on the greater per-head availability of goods and services. So, higher GDP is generally taken as greater welfare of people.
Anurag Pathak Changed status to publish December 14, 2023
