Define employment elasticity

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Define employment elasticity

Posted by Utkarsh Singh 7 years, 2 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 2 months ago

Employment elasticity is the growth of employment relative to growth of Economy. Reforms of 1991 is a shift in era in Indian economic realm. Post Liberalization the major change occurred is the shift in population from agriculture to Manufacturing and Services. India traditionally being an agrarian economy, the low growth and heavy population pressure on land, disguised unemployment have led to people waiting for opportunity to change to a rapid growth environment and liberalisation provided a medium.

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CBSE > Class 10 > Social Science