(a) Unemployment:
Unemployment refers to the condition in which individuals who are capable of working, are actively seeking employment but are unable to find any suitable work. It reflects the inability of the economy to provide jobs for the workforce.
(b) Labour Force Participation Rate (LFPR):
Labour Force Participation Rate (LFPR) is the percentage of the working-age population that is either employed or actively seeking employment. It provides an insight into the labour market and the overall employment situation in an economy. The formula for LFPR is: \[ \text{LFPR} = \frac{\text{Labour Force}}{\text{Working Age Population}} \times 100 \]
(c) Gender Disparities in Rural and Urban Labour Force Participation Rate (LFPR) during 2000 2019:
The text highlights significant gender disparities in LFPR between men and women in India. In 2022, women's LFPR was 32·8%, far below men's LFPR of 77·2%. In rural areas, the LFPR for women showed a significant decline of 14·1% between 2000 and 2019, compared to a much smaller decline in urban areas (3·5%). This suggests that rural women face greater challenges in entering the workforce, which could be due to social, economic, and cultural factors. However, between 2019 – 2022, rural LFPR for women increased by 6%, indicating that there was some improvement due to changing conditions, while urban LFPR showed a smaller increase of 2·1%. These fluctuations suggest that gender disparities persist but are subject to economic and social changes over time, particularly in rural areas.
___________ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
(Choose the correct alternative to fill in the blank):
The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.
Read the following statements carefully:
Statement 1: India, Pakistan, and China have similar physical endowments but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.
Read the following statements carefully:
Statement 1: India, Pakistan and China have similar physical endowments, but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.