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The chapter focuses on the concept of employment, exploring the various types of workers and their contributions to the economy, particularly in India. It discusses the dynamics of employment in urban and rural settings, the impact of gender on workforce participation, and the challenges posed by unemployment and informal labor. Additionally, it highlights the government's role in generating employment opportunities through various initiatives.
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References
NCERT Study MaterialClass Notes
Memorization
What we have learnt
Final Test
Revision Tests
Term: Economic Activity
Definition: Activities that contribute to the gross national product and include all those who are engaged in economic work.
Term: WorkerPopulation Ratio
Definition: The ratio of the workforce to the total population, used to analyze the engagement of people in economic activities.
Term: Disguised Unemployment
Definition: A situation where more people are employed than necessary, particularly common in agriculture, leading to inefficiencies.
Term: Informal Sector
Definition: Economic activities that are not monitored or regulated by the government, often featuring low wages and no social security.
Term: SelfEmployed Workers
Definition: Workers who own their businesses and generate income independently, constituting a significant part of India's workforce.