12 Questions
What is the definition of a worker?
An individual involved in some economic activity to earn a living.
Define Labor Force.
All persons who are working or are able and willing to work at the existing wage rate.
Explain Work Force.
The number of persons actually employed at a specific time.
What is the formula for calculating Participation Rate?
Number of self-employed workers divided by the total population, multiplied by 100.
What is the dominant source of livelihood for about sixty percent of India's workforce?
Agriculture and other allied activities.
Which group constitutes the majority of workers in India?
Self-employed individuals (57%).
Define jobless growth.
Jobless growth is a situation where GDP grows faster than the employment opportunities, resulting in unemployment.
What does casualisation of employment refer to?
Casualisation of employment refers to a situation when the percentage of casually hired workers in the total workforce tends to rise over time.
Explain informalisation in the context of employment.
Informalisation refers to a situation when people tend to find employment more in the informal sector of the economy and less in the formal sector of the economy.
What is unemployment?
Unemployment is a situation where a person is ready and willing to work at the prevailing wage rate but does not find work.
List three causes of unemployment.
- Slow rate of economic growth 2) Population explosion 3) Defective education system
Provide two remedial measures for tackling unemployment.
- Accelerating growth rate of GDP 2) Control of population growth
Explore the role of work in individual and social life, including the definitions of a worker, economic activity, labor force, and workforce. Understand the significance of work for earning a living and generating income.
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