Answer the following question 12) 'Increased income in a nation leads to the creation of more jobs for the people, leading to the nation's development.' Explain in detail the steps involved in this process.any one give me correct answer of this question this question is social science of class 10th who gave me correct answer of this question I will put his answer to the brainlist answer.
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Subject:
Social Sciences -
Author:
madden48 -
Created:
1 year ago
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Explanation:
At higher level of income, the demand for goods is high and hence, the rate of profit increases. Investment automatically increases while rate of profit increases.! Autonomous Investment Autonomous investment is the investment, which is not affected by the changes in income, rate of interest or rate of profits.
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