Which of the following is a characteristic of the 'Foundational Economy' approach?
A. Focus only on financial services
B. Focus only on high-tech export sectors
C. Focus on the essential goods and services that keep citizens safe, healthy and educated, often provided collectively
D. Focus only on luxury consumption
Answer: Option C
Solution (By JKSSB Mock Tests)
The foundational economy comprises the everyday goods and services—utilities, food, health, education, care—that are essential for civilised life and are often most effectively provided through collective arrangements.
No comments yet. Be the first to start the discussion!