CBSE 2020 Class 12 Economics Outside Delhi Set 1

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Question : 44
Total: 47
Define worker-population ratio. What does it signifies ?
Solution:  
Worker-Population Ratio : It is calculated by dividing the total number of workers in India by the total population in India and multiplying it by 100 .
"Worker-Population Ratio" is an indicator which is used to analyse the employment situation in the country.
Its significances are :
(i) It is very useful in determining the proportion of population that is actively contributing to the production of goods and services of a country.
(ii) It indicates the status of workers in the society and their working conditions.
(1) Higher ratio indicates the high proportion of its population is involved in economic activities.
(2) Medium or lower ratio indicates that less people are involved in economic activities.
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