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

What is the main aim of Public Distribution System (PDS) in India?

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

Which of the following is NOT part of the World Bank Group?

Which of the following is NOT a function of the World Trade Organization (WTO)?

What is meant by “marginal propensity to consume”?

Which of the following is a characteristic of “perfect competition”?

Which economic concept is described as “the next best alternative foregone”?

What is the term for the price at which demand and supply in a market are equal?

What is the primary goal of a progressive tax system?

What is the “law of diminishing marginal utility”?