Civil Services UPPSC RO ARO 2024-25 Mock Tests Series Current Affairs Business and Economy Economic and Financial Affairs
In the context of economic development, which of the following statements best describes the term "Creative Economy"?
1
It refers to the traditional agricultural activities that form the backbone of rural economies.
2
It is an economy based on the use of natural resources like minerals and fossil fuels as primary inputs for production.
3
It is a knowledge-based economy driven by creative industries that revolve around the goods and services using creativity and intellectual capital as primary inputs.
4
It encompasses the activities related to manufacturing and heavy industries, focused on mass production and distribution.