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Introduction- Employment: Growth, Informalisation and other issues Video Lecture | Economics CUET Preparation - Commerce
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FAQs on Introduction- Employment: Growth, Informalisation and other issues Video Lecture - Economics CUET Preparation - Commerce
| 1. What is employment growth and why is it important? |  |
Ans. Employment growth refers to the increase in the number of job opportunities available in an economy over a certain period of time. It is important because it indicates a growing economy, provides income opportunities for individuals, reduces unemployment, and contributes to overall economic development.
| 2. What is informalisation of employment and what are its effects? | |
Ans. Informalisation of employment refers to the increasing trend of jobs being created in the informal sector, which lacks proper regulation, social protection, and benefits. This can lead to lower wages, lack of job security, limited access to social protection, and exploitation of workers. It also hinders economic development as the informal sector often operates outside the tax and regulatory framework.
| 3. What are some of the challenges associated with employment in today's economy? | |
Ans. Some of the challenges associated with employment in today's economy include technological advancements leading to job displacement, skills mismatch between job requirements and available workforce, increasing inequality in income distribution, lack of job security, and the informalisation of employment. These challenges require policy interventions to ensure inclusive and sustainable economic growth.
| 4. How does employment growth impact the overall well-being of individuals? | |
Ans. Employment growth has a significant impact on the overall well-being of individuals as it provides them with income, economic security, and a sense of purpose. It enables individuals to meet their basic needs, access essential services, and improve their standard of living. Moreover, employment also has social and psychological benefits, such as increased self-esteem and social inclusion.
| 5. What measures can be taken to address the issues related to employment growth and informalisation? | |
Ans. Some measures that can be taken to address the issues related to employment growth and informalisation include implementing labor market reforms to protect workers' rights and ensure fair wages, promoting skill development programs to bridge the gap between job requirements and available workforce, enhancing social protection measures for informal workers, encouraging entrepreneurship and small-scale industries, and fostering inclusive economic policies that promote sustainable and inclusive growth.
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Nov 22, 2024 Last updated |
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