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The first chairman of planning commission:

ASardar Vallabhai Patel

BIndira Gandhi

CDr. Rajendra Prasad

DJawaharlal Nehru

Answer:

D. Jawaharlal Nehru

Read Explanation:

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When the productive capacity of an economy is inadequate to create sufficient number of jobs is called

Identify the correct assertions regarding the contributions of Western economic thinkers.

  1. Adam Smith, often called the 'father of Economics,' advocated for minimal government intervention in economic activities, a principle known as 'Laissez Faire'.
  2. Karl Marx, in his work 'Das Capital,' argued that laborers receive the full value of their contribution, with profits going entirely to them.
  3. Alfred Marshall emphasized that economic activities should be oriented towards promoting the welfare of society.
  4. Lionel Robbins suggested that unlimited wants should be prioritized to ensure economic growth.
    Poverty gap is:
    Which of the statement is correct about Indian planning commission ?