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)
The situation under which an economy attains economic growth without corresponding rise in employment is known as ____. (Fill up the blank with correct option)
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Jobless growth is a concern because it indicates that economic development is not creating sufficient employment opportunities for the population.
Updated On: Jun 19, 2025
- Informalisation of Workforce
- Casualisation of Workforce
- Jobless Growth
- Formalisation of Workforce
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The Correct Option is C
Solution and Explanation
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.
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