#Economy Purple Economy Also called -care economy- obtain | VK IAS- prelims (UPSC highlights)
#Economy
Purple Economy
Also called -care economy- obtains its name from the color adopted by many feminist movements
It represents a new vision of economics that recognizes the importance of care work, empowerment and autonomy of women to the functioning of the economies, wellbeing of societies and life sustainability
Like the green economy’s call for internalizing environmental costs, the Purple Economy calls for the internalization of the costs of care
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