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Q.What do you mean by economy? Explain.

Madhya Pradesh MpbseMP Board (MPBSE) Higher Secondary Class 11 (Commerce) 2024Subjective· 2mImportance★★★★★
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Great Leap Forward (1958): rapid mass industrialisation and collectivisation of agriculture.

The 'Great Leap Forward' (GLF) campaign, launched in China in 1958, aimed to industrialise the country rapidly and on a massive scale and to transform it into a modern socialist economy quickly. Its chief features were:

  • encouraging people to set up industry in their own backyards (backyard furnaces to produce steel); and
  • collectivising agriculture by organising farming into large communes. …

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