The term 'Disguised Unemployment' is commonly associated with:
A. Service sector
B. Agricultural sector
C. Information technology sector
D. Industrial sector
Answer: Option B
Solution (By JKSSB Mock Tests)
Disguised unemployment is prevalent in the agricultural sector of developing countries where more people are engaged in work than are actually required, with marginal productivity close to zero.
Explanation:
Job polarisation refers to the simultaneous growth of employment at the high and low ends of the skill distribution and the relative decline of middle-skill occupations that involve routine tasks susceptible to automation.
Explanation:
Good money should be durable, portable, divisible, uniform, recognisable and relatively scarce so that it can effectively perform its functions.
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