Glossary

Glossary

Term Book Chapter Definition
Economic Diversification International Finance Chapter 16: Balance of Payments The process of broadening the range of activities within an economy, both in the range of products produced and in the range of resources deployed.
Economic Diversification Mumbai's Urban Evolution: From Colonial to Contemporary Chapter 3: Post-Independence Mumbai Refers to the shift in Mumbai's economy post-independence, moving from relying heavily on industry to including services, finance, and technology. This was bolstered by the establishment of the Reserve Bank of India and the Bombay Stock Exchange, and grow