Subject: Economics
Book: Comprehensive Indian Economy - Additional Topics
India consolidated multiple labour laws into four broad codes—on wages, industrial relations, social security, and occupational safety—aiming to simplify compliance. The objective is to boost job creation, reduce informality, and ensure welfare benefits. Yet some fear erosion of workers’ bargaining power if layoffs become easier. In exams, highlight the challenge of effectively implementing codes across diverse states and how skill-building plus social security expansions can complement these reforms in raising productivity.
What does the term “elasticity of demand” measure?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhich of the following is NOT an example of an indirect tax?
View QuestionWhat is the objective of the Pradhan Mantri Jan Dhan Yojana?
View QuestionWhat does the “Phillips Curve” show?
View QuestionWhich of the following is a characteristic of “perfect competition”?
View QuestionWhat does the Gini Coefficient measure?
View QuestionWhat does the term “capital account” refer to in the balance of payments?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhat is the meaning of “supply-side economics”?
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