economics_for_manager, Role in market equilibrium.

May 20th, 2015
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Government canspend some money on increasing irrigation facilities, providing loans to buy quality seeds, fertilizers etc • More transportation and storage facilities to be provided. Local banks can give loans at cheaper interest Rates.

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DISGUISED UNEMPLOYMENTWORKERS ARE NOTPRODUCING AS MUCH AS THEYCOULD.UNDER EMPLOYMENTPEOPLE ARE APPARENTLYWORKING BUT ALL OF THEMARE MADE TO WORK LESSTHAN THEIR POTENTIAL. Government canspend some money onincreasing irrigation facilities, providing loansto buy quality seeds, fertilizers etc More transportation and storage facilities tobe provided. Local banks can give loans at cheaper interestRates. Identify, promote and locate industries andservices in semi-rural areas to promoteemployment By providing education and health facilitiesmore employment opportunities can bedeveloped. Ex :- Doctors,Nurses,TeachersNational Rural Employment Guarantee Act2005Under this ,those who are able to workareguaranteed 100 days of employment in a year.Unemployment allowance will be given if thereis no employment provided to the people before thepromised time period .PublicSectorGovernment owns theassets and providesservicesSocial welfare is theobjectiveEx:- Railways, PostofficePrivateSectorIndividuals or group ofindividuals are ownersof assetsProfit is the motiveEx :- RelianceIndustries, Tata Motors.Organized SectorTERMS OF EMPLOYMENT AREREGULARREGISTERED BY GOVTFOLLOWS RULES ANDREGULATIONS OFGOVTSECURITY OF EMPLOYMENTFIXED WORKING TIMEUnorganized SectorNO GOVT CONTROLNOT REGISTEREDLOW PAID AND NOT REGULARNO JOB SECURITYDEPENDS ON OWNERLEAVE BENEFITS ,MEDICAL FACILITIESAND PAYMENT FOR O

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