Question

Define:-
Employment Elasticity​

Answer 1

Employment elasticity is a measure of the percentage change in employment associated with a 1% change in economic growth. It indicates the ability of an economy to generate employment opportunities for its population as per cent of its growth process. ... Low and negative employment elasticity show “jobless growth”.

Answer 2

Employment Elasticity is a measure of the percentage change in employment associated with one percentage point change in economic growth.
The Employment Elasticity indicates the ability of an economi to generate employment opportunities for its population as percent of its development process....

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