11. Distinguish between open unemployment and disguised unemployment
12. Tertiary sector is not playing any significant role in the development of Indian
economy." Do you agree? Give reasons in support of your answer.
Answers
Answer:
Disguised Unemployment: Disguised Unemployment mostly happens in rural areas in agriculture.This Unemployment occurs when more people do the job than actually required.
For eg:- In an agricultural activity 5 people are required but 8 people are working and if those 8 people will remove then there will be no effect in the production. It will remain the same
12) Teritary sector has the most important role in country's economy. Although less people are engaged in tertiary sector in India and this sector includes- banking etc..It provides support to the primary and secondary sector.
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11. Distinguish between open unemployment and disguised unemployment
12. Tertiary sector is not playing any significant role in the development of Indian economy." Do you agree? Give reasons in support of your answer.
11. Open unemployment is when a person has no job in hand and does not earn anything at all. Disguised unemployment, on the other hand, is mostly found in the unorganised sector where either work is not consistently available or too many people are employed for some work that does not require so many hands. This is the essential difference between open unemployment and disguised unemployment.
12. “Tertiary sector is not playing any significant role in the development of the Indian economy”. This statement is not true. The tertiary sector has contributed vastly to the Indian economy, especially in the last two decades. In the last decade, the field of information technology has grown, and consequently, the GDP share of the tertiary sector has grown from around 40% in 1973 to more than 50% in 2003.