Definition of Structural Change

IE-IFS Evolution of Indian Economy & Structural Changes Free JAIIB Capsule 41 views Updated
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IE-IFS · Evolution of Indian Economy & Structural Changes
What does 'structural change' in an economy refer to?
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Fundamental changes in the critical components of the economy over time.
Example: Transition from an agriculture-dominated economy to a services-led economy.
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Definition of Structural Change — Full Text

What does 'structural change' in an economy refer to?

Answer

Fundamental changes in the critical components of the economy over time.

Additional notes

Example: Transition from an agriculture-dominated economy to a services-led economy.

Part of Indian Economy & Indian Financial System · Evolution of Indian Economy & Structural Changes · Last updated

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