Topic Details (Notes format)

Gig Economy and Platform Workers

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

The gig economy—spanning delivery apps, ride-hailing, freelance digital services—generates new work avenues. Key issues include worker rights, social security coverage, and skill gaps. Government is exploring frameworks to ensure minimum wages, accident insurance, and dispute resolution. Exams may probe how platform-based models reshape employment structures, fostering flexibility yet risking job security.

Practice Questions

Which of the following is considered a public good?

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What does the term “capital account” refer to in the balance of payments?

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What is meant by “marginal propensity to consume”?

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What is the “law of diminishing marginal utility”?

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What is the meaning of “supply-side economics”?

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Which of the following is an example of a renewable resource?

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What is the concept of “invisible hand” associated with?

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What is meant by “liquidity trap”?

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Which term refers to an economy that has elements of both capitalism and socialism?

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What is the primary goal of a progressive tax system?

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