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

What is the meaning of "fiscal deficit"?

Which of the following is an example of a public sector undertaking (PSU) in India?

What is the primary function of the International Monetary Fund (IMF)?

What is the objective of the Pradhan Mantri Jan Dhan Yojana?

What is meant by “crowding out” in economics?

Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

What is the meaning of “dumping” in international trade?

Which of the following is NOT an example of an indirect tax?

What is the “law of diminishing marginal utility”?