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Which one of the following is a resource allocation as per Chenery's development process?

  By GK Planet Team      
Q. Which one of the following is a resource allocation as per Chenery's development process?
  1. Investment
  2. Structure of domestic demand
  3. Labour allocation
  4. Government revenue
Answer: Structure of domestic demand

In economics, structural change is a shift or change in the basic ways a market or economy functions or operates.

Such change can be caused by such factors as economic development, global shifts in capital and labor, changes in resource availability due to war or natural disaster or discovery or depletion of natural resources, or a change in the political system. For example, a subsistence economy may be transformed into a manufacturing economy, or a regulated mixed economy may be liberalized. A current driver of structural change in the world economy is globalization. Structural change is possible because of the dynamic nature of the economic system.
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