Question:
Read the following statements carefully:
Statement 1: Employment is an activity which enables a person to earn means of livelihood for his/her family.
Statement 2: A worker is one who contributes to the process of Gross Domestic Product (GDP) by rendering his productive services.
Read the following statements carefully:
Statement 1: Employment is an activity which enables a person to earn means of livelihood for his/her family.
Statement 2: A worker is one who contributes to the process of Gross Domestic Product (GDP) by rendering his productive services.
Statement 1: Employment is an activity which enables a person to earn means of livelihood for his/her family.
Statement 2: A worker is one who contributes to the process of Gross Domestic Product (GDP) by rendering his productive services.
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Employment and work are fundamental components of economic production and contribute to the GDP through productive services.
Updated On: Jul 1, 2025
- Statement 1 is true and Statement 2 is false.
- Statement 1 is false and Statement 2 is true.
- Both Statements 1 and 2 are true.
- Both Statements 1 and 2 are false.
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The Correct Option is C
Solution and Explanation
Both statements are correct. Employment is indeed an activity that provides livelihood, and a worker contributes to GDP by producing goods and services for the economy.
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