Choose the given statement that is true/false:

Indentured labour was a system of bonded labour.

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Detailed Solution

The above statement is true.
Indentured labour was a system of bonded labour.
The annual service worker was a forced labourer contracted to work for his employer for a specified period to pay for the cost of travelling to a new country or home. Recruitment was done through an agent hired by the employer and received a small commission.
This is done for some time by signing a contract for final compensation or debt repayment. Like any loan, you can sell this "debt bond". Like regular slave workers, the prices of "contract workers" fluctuate. As soon as the employment contract is paid, workers are accessible when the period stipulated in the contract expires. Some generous employers have given land as gifts or incentives.

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