Answer:
Modernization Theory
Explanation:
Modernization can be defined as a concept that covers the transformation of the lives of people in the society as a result of various social changes like urbanization, industrialization, etc.
The Modernization theory deals with the factors that are interior to a country with the assumption that with due assistance the traditional or less developed nations can be developed in the same in the same way the developed nations have been shaped.
B at the start of a summary
Answer:
b. Palaniappan Chidambaram(born 16 September 1945) is an politician and former attorney who currently serves as Member of Parliament, Rajya Sabha and formerly served as the Union Minister of Finance and Union Minister of Home Affairs of India
Answer:
Explanation:
A D and C
Your welcome brainly will be greatly appericated.
Answer:
By encouraging inducement to save and also mobilising savings from the public, banks help to increase the aggregate rate of investment in the economy. This creation of credit, if it is used for productive purposes, greatly larges production and investment and thus promotes economic growth.
how?
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. Bank loans facilitate commerce.
Manufacturers borrow from banks the money needed for the purchase of raw materials and to meet other requirements such as working capital. It is safe to keep money in banks. Interest is also earned thereby. Thus, the desire to save is stimulated and the volume of savings increases. The savings can be utilised to produce new capital assets.
