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 meant by the term “current account deficit”?

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What does the “Human Development Index” measure?

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What is meant by “structural unemployment”?

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Which of the following is NOT a component of Aggregate Demand?

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What does “balance of trade” refer to?

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What is meant by “marginal propensity to consume”?

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

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

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

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What is “currency devaluation”?

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