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17 August, 23:20

Which statement best summarizes a major challenge in India's economy?

o High competition causes businesses to collapse.

Tariffs, quotas, and other protective regulations limit trade.

The government does not invest in improvements to job training and machinery.

O Outsourcing leads to fewer jobs.

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  1. 17 August, 23:24
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    Tariffs, quotas, and other protective regulations limit trade.

    Outsourcing leads to fewer jobs.

    Explanation:

    There are several reasons why the economy of India was being challenged. Trade barriers have come out to be a serious cause for restricted economic growth.

    Another reason would be outsourcing of investments which would lead to foreign companies benefit rather than in-house benefits. This leads to fewer jobs, which in turn leads to an increase in poverty. A poor country cannot be expected to have a growing economy.
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