Class 11 Economics Chapter 7 Employment Growth, Informalisation and Other Issues

Growth is a condition where the GDP increases quicker than the employment opportunities that result in unemployment. However, informalisation is a condition when an individual finds excess employment in the informal sector and little in the formal sector of the economy. 

In the Indian economy, unemployment is one of the most critical concerns of all time. This lesson gives an insight into the concept, ideas, evaluation of the unemployment rate, its problems, and how it is different in urban and rural India.

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