CBSE Notes, Lectures

CBSE - Economics - People as Resource

People as Resource

Short Answer Type

Statistically, unemployment rate in India is low. Explain. 

1. Statistically the unemployment is low in India. A large number of people represented with low income and productivity are counted as employed.

2. They appear to work throughout the year but in terms of their potential income.

3. It is not adequate for them; the work that they are perusing seems force upon them.

4. They may therefore want other work for their choice. 

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