Q. Which one of the following statements best describes the meaning of the ‘Orange Economy’?

[A] An economic model focused on agricultural exports of citrus fruits and related products

[B] An economy driven by creative industries such as art, culture, design, music, film, and innovation-based cultural services

[C] A development strategy aimed at renewable energy transition and circular economy practices

[D] An economic framework emphasizing industrial growth through mineral-based manufacturing

Answer: B
Notes:

Explanation:

  • The Orange Economy refers to economic activities that are based on creativity, culture, knowledge, and intellectual property. It includes sectors such as art, music, film, publishing, design, advertising, digital content, and cultural tourism, where value creation is driven primarily by human creativity and innovation rather than physical resources.

Source: IE

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