Choose the given statement is True/False

Increase in employment is an indicator of a depressed economy.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The given statement is false.
Unemployment is the situation when people in an economy are willing to work at prevalent wages but can't find jobs. The unemployed youths of a country will lead to the slow development of the economy and economic overload. As the population is constantly increasing, the potential workers cannot fully utilise their abilities will lead to the low productivity of an economy. This will also create a load on the agricultural sector as it increases the low productivity per labour employed. It is an indicator of a depressed economy as the economy has failed to provide employment opportunities to the people.
The correct statement should be that an increase in unemployment is an indicator of a depressed economy.

Watch 3-min video & get full concept clarity