Q. Which one of the following defines the Purple Economy?

[A] It is an economic model that is based on the exploitation of natural resources and the production of waste

[B] It is an economic model that recognizes the importance of care work and the empowerment of women to the functioning of economies, the well-being of societies, and the sustainability of life.

[C] It is an economic model that focuses on the sustainable use of marine resources and the development of coastal communities.

[D] It is an economic model that emphasizes the development and use of renewable energy sources.

Answer: B
Notes:

Explanation – The Purple Economy is an economic model that recognizes the importance of care work and the empowerment of women to the functioning of economies, the well-being of societies, and the sustainability of life.

There are four pillars of the purple economy: Universal Care Services, Work-Life Balance in the Job Market, Alleviate Rural Unpaid Work, and New Economic Policies.

Source: ForumIAS

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