Practicing Success
There has been rapid growth in the gross domestic product, but without simultaneous increase in employment opportunities. This is known as _ _ _ _ _ _ growth. |
Economic growth Jobless growth Vertical growth Inclusive growth |
Jobless growth |
The correct answer is option (2) : Jobless growth Jobless growth refers to a situation where there is significant economic expansion, as measured by indicators like GDP growth, without a corresponding increase in employment opportunities or a reduction in unemployment rates. In other words, the economy is growing, but it is not creating enough jobs to absorb the expanding workforce or to reduce unemployment levels. |