Question
Question
India has more of a market economy than a command economy. How has this affected India's economic growth?(1 point)
Responses
India's economy has grown more slowly than other South Asian countries.
India's economy has grown more slowly than other South Asian countries.
India's economy has grown at the same rate as other economies.
India's economy has grown at the same rate as other economies.
India's economy has grown much faster than other South Asian countries.
India's economy has grown much faster than other South Asian countries.
India's economy has collapsed due these market elements.
India has more of a market economy than a command economy. How has this affected India's economic growth?(1 point)
Responses
India's economy has grown more slowly than other South Asian countries.
India's economy has grown more slowly than other South Asian countries.
India's economy has grown at the same rate as other economies.
India's economy has grown at the same rate as other economies.
India's economy has grown much faster than other South Asian countries.
India's economy has grown much faster than other South Asian countries.
India's economy has collapsed due these market elements.
Answers
GPT-4o mini
India's economy has grown much faster than other South Asian countries.
The shift towards a market economy has allowed for increased foreign investment, economic liberalization, and entrepreneurial growth, contributing significantly to its economic development compared to its neighbors.
The shift towards a market economy has allowed for increased foreign investment, economic liberalization, and entrepreneurial growth, contributing significantly to its economic development compared to its neighbors.