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Preeti Dabral 3 years, 1 month ago (2983787)
Macroeconomics helps to evaluate the resources and capabilities of an economy, churn out ways to increase the national income, boost productivity, and create job opportunities to upscale an economy in terms of monetary development.
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Preeti Dabral 3 years, 1 month ago (2983787)
Staus of employment of people in various industries in India is as follows:-
- There has been a substantial shift from agriculture to industries and the service sector. Although the primary sector continues to remain the main source of employment of workers over the last six decades, its share has decreased from 74 percent in 1951 to 50 percent in 2012. With the process of development in the country, the share of employment is increasing in secondary and tertiary sectors. The share of industries has increased from 11 to 24 percent and that of the service sector has increased from 15 to 27 percent during 1950-2012.
- The changes in the distribution of the workforce in different status over the last four decades indicate that people have moved from self-employment and regular salaried employment to casual wage work.
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Akshay Reddy 4 years ago (11297335)
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