Question

The situation under which an economy attains economic growth without corresponding rise in employment is known as ____. (Fill up the blank with correct option)

• A. Informalisation of Workforce
• B. Casualisation of Workforce
• C. Jobless Growth
• D. Formalisation of Workforce

Hint:

Jobless growth is a concern because it indicates that economic development is not creating sufficient employment opportunities for the population.

Answer 1

The Correct Option is C

The situation described is referred to as "Jobless Growth." This occurs when the economy experiences growth in terms of GDP, but the increase in employment does not correspond to the economic expansion. Technological advancements, automation, or shifts in the labor market structure can lead to this phenomenon.