For each of the sectors that we came across in the chapter why should one focus on employment and GDP? Could there be other issues which should be examined? Discuss.
Answers
Explanation:
We should focus on employment and GDP because :-
1)It increases the national income of the country
2)It increases production in each sector .
3)It shows about the average income of the people in a country have .
4)It helps more and more opportunity for people to get jobs and earn money .
5)It increases the scope of opportunities of production in different sectors
There should be other issues like :-
1)Job security
2)Pollution
3)Labour intensive techniques
4)Machines intensive techniques
5)Self - development opportunities
Answer:
For each of the sectors that we came across in this chapter, one should focus on employment and GDP because these determine the size of a country's economy. A focus on employment and GDP helps determine two important things—per capita income and productivity.