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 Phillips Curve?

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What is “inclusive growth”?

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What is “open market operations” (OMO)?

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

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What is meant by “crowding out” in economics?

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Which of the following sectors contributes the most to India’s GDP?

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What is meant by “monetary policy”?

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Which of the following is considered a public good?

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What is meant by “liquidity trap”?

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What is a “repo rate”?

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