With reference to the Orange Economy, consider the following statements: 1. The Orange Economy includes knowledge-based sectors that leverage creativity, talent, and intellectual property to generate economic and cultural value. 2. The term “Orange Economy” was popularised by the United Nations Economic Network to highlight the role of creative industries in sustainable development. Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation:

Statement 1 is correct: The Orange Economy includes industries rooted in creativity and intellectual property, contributing to both economic and cultural development.
Statement 2 is incorrect: The term was popularised by Colombian economists Felipe Buitrago and Iván Duque, not the United Nations Economic Network.

Source– BT

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