With reference to the economy what does the term unicorn club refer to ........

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With reference to the economy, what does the term unicorn club refer to?

It refers to the startups with valuation greater than $1 billion.

It refers to the companies with presence in multiple sectors of economy.

It refers to countries with a growth rate greater than 10 per cent in an year.

None of the above

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Explanation:

- Option 1: It refers to startups with a valuation greater than $1 billion. Startups in this category are termed "unicorns" and are seen as rare and significant achievements in the startup world.

- Option 2: This refers to companies with a presence in multiple sectors of the economy. However, there's no specific term called the "unicorn club" for such companies.

- Option 3: This refers to countries with a growth rate greater than 10 percent in a year. This is typically not related to the term "unicorn club."

- Option 4: None of the above. This isn't applicable as Option 1 is relevant.