Economics · Economy
What is meant by a 'depleted economy', as observed in India at the time of independence?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An economy with a high level of foreign debt and reliance on imports
- 2An economy with no provisions to replace physical assets that have deteriorated due to excessive use✓
- 3An economy that has a surplus of physical assets but lacks skilled labour
- 4An economy that relies heavily on agriculture with minimal industrial development
Correct answer
An economy with no provisions to replace physical assets that have deteriorated due to excessive use
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