Which of the following is a feature of the 'Care Economy' agenda?
A. Only the privatisation of all care services
B. Only the reduction of public support for care
C. Only the neglect of care work as non-economic
D. Recognition of the economic and social value of paid and unpaid care work and policies to support its provision and quality
Answer: Option D
Solution (By JKSSB Mock Tests)
The care-economy agenda highlights the central role of care work—both paid and unpaid—in sustaining societies and economies, and advocates policies that recognise, reduce and redistribute care responsibilities more equitably.
Explanation:
In a traditional economy, economic decisions regarding production and distribution are based on customs, traditions and hereditary practices.
Explanation:
Since the 1991 reforms, India has progressively liberalised trade and capital flows while adopting a managed floating exchange rate regime.
Explanation:
New Institutional Economics, associated with Coase, North and Williamson, analyses how institutions, property-rights structures and transaction costs shape economic behaviour and long-run performance.
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