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A situation where GDP grows faster than the employment opportunities is called ( choose the correct alternative)
Informalisation
Casualisation
Jobless growth
Brain drain
- Option 3: Jobless Growth - The correct answer. This term describes a situation where GDP increases but employment opportunities do not grow proportionately. Economies may become more efficient, supporting GDP growth, but without the creation of new jobs.
- Option 1: Informalisation - This refers to an increase in employment in the informal sector, often comprised of jobs without formal contracts, benefits, or protections.
- Option 2: Casualisation - This describes a shift toward more temporary or part-time jobs rather than full-time positions, leading to a less stable employment landscape.
- Option 4: Brain Drain - This is not relevant to the question. It refers to the emigration of highly skilled or educated individuals to other countries for better opportunities.
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