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Question
Increase in unemployment is an indicator of which type of an economy?
Increase in unemployment is an indicator of which type of an economy?
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Solution
The correct option is A Depressed
Increase in unemployment is an indicator of a depressed economy. The Indian economy is an example of a depressed economy since even after six decades of independence, it has continued to be in the state of underdevelopment as sufficient employment opportunities could not be created.
Depressed
Increase in unemployment is an indicator of a depressed economy. The Indian economy is an example of a depressed economy since even after six decades of independence, it has continued to be in the state of underdevelopment as sufficient employment opportunities could not be created.
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