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State PCS

Sambhav-2023

  • 14 Feb 2023 GS Paper 3 Economy

    Day 84
    Question 1: Poverty causes opportunity loss to the people. Discuss whether poverty elimination is possible through asset distribution or through asset creation? (250 words)

    Question 2: Explain the types of unemployment. Suggest the ways to tackle Disguised unemployment in Indian Agriculture. (250 Words)

    Answer 1

    Approach

    • Write an introduction about poverty and mention the opportunity losses due to poverty.
    • Discuss how asset creation or asset distribution will eliminate poverty.
    • Write a holistic and appropriate conclusion.

    Introduction

    • Poverty is a complex and multi-faceted issue that refers to a lack of access to the resources, services, and opportunities necessary for a minimum standard of living. Poverty can take many forms, including income poverty, where individuals lack sufficient income to meet their basic needs, and relative poverty, where individuals have less access to resources compared to others in their society.
    • Poverty can affect individuals, families, and entire communities, and can have serious consequences for health, education, and overall quality of life. Some of the factors that contribute to poverty include unemployment, low wages, lack of access to education and healthcare, discrimination, and social and economic inequality.

    Body

    • Poverty can limit a person's opportunities in many ways. It can limit access to education, healthcare, housing, and other basic necessities.
    • This lack of resources can lead to a cycle of poverty, as it becomes difficult for individuals to improve their circumstances and reach their full potential.
    • Additionally, poverty can also affect a person's mental and physical health, leading to further limitations and disadvantages.
    • By reducing the number of opportunities available to individuals, poverty can have long-lasting effects on their lives and their communities.
    • Poverty causes opportunity loss to people in several ways:
      • Limited access to education: Children living in poverty often face barriers to accessing quality education, which can limit their future opportunities. They may not be able to afford school supplies, transportation, or may have to work to support their families, making it difficult to attend school regularly.
      • Lack of healthcare: People living in poverty often lack access to basic healthcare services, which can limit their opportunities for employment and education. Poor health can prevent individuals from being able to work or participate in school and other activities.
      • Inadequate housing: Poor living conditions, such as overcrowding, lack of access to clean water and electricity, can affect health and wellbeing, and limit opportunities for work and education.
      • Limited access to technology: People living in poverty often do not have access to computers, the internet, and other technologies that are increasingly necessary for success in many fields.
      • Stereotyping and discrimination: Poverty can lead to negative stereotypes and discrimination, which can further limit opportunities for employment and education.
    • How asset creation or asset distribution will eliminate poverty:
      • Asset creation and distribution can play an important role in reducing poverty by providing individuals and communities with the means to generate income and build wealth.
      • Asset creation involves the creation of new forms of property and financial assets, such as savings accounts, stocks, bonds, or real estate, which can be used as a source of income and security. This can help individuals and families increase their financial stability and reduce their vulnerability to economic shocks.
      • Asset distribution refers to the equitable distribution of assets and wealth within a society. This can be achieved through various means, such as progressive taxation, transfer programs, and public investment in infrastructure and education. By making sure that wealth is distributed more evenly, asset distribution can help reduce income inequality and increase economic opportunity for those who have been historically marginalized or excluded from economic growth.
      • However, it's worth noting that reducing poverty is a complex and multifaceted challenge that requires a comprehensive approach that goes beyond just asset creation and distribution. Factors such as lack of access to quality education, healthcare, and job opportunities, as well as political instability, conflict, and corruption, can all contribute to poverty and must be addressed in order to achieve meaningful and sustained progress.

    Conclusion

    Poverty elimination is a complex issue that requires a multi-faceted approach. Both asset distribution and asset creation have the potential to play a role in reducing poverty and increasing economic opportunity. Therefore, a combination of both asset distribution and asset creation is likely to be the most effective approach to eliminating poverty. Ultimately, the most important factor in poverty elimination is the implementation of effective policies that address the root causes of poverty and promote inclusive economic growth. This requires collaboration between governments, businesses, and civil society organizations to create opportunities for all members of society to participate in and benefit from economic growth.


    Answer 2

    Approach

    • Write an introduction about unemployment.
    • Explain the types of unemployment.
    • Give some ideas on how to deal with disguised unemployment in Indian agriculture.
    • Write a holistic and appropriate conclusion.

    Introduction

    • Unemployment refers to a situation in which individuals who are willing and able to work are unable to find employment. Unemployment can be measured in a number of ways, including the unemployment rate, which is the percentage of the labor force that is unemployed but actively seeking employment.

    Body

    • There are several types of unemployment, including:
      • Frictional unemployment: This occurs when workers are in between jobs and are searching for new employment. Frictional unemployment is a natural part of the economy and can be considered a normal part of the job search process.
      • Structural unemployment: This occurs when there is a mismatch between the skills and abilities of workers and the demands of the job market. This type of unemployment can be caused by changes in the economy, such as the decline of certain industries, or advancements in technology.
      • Cyclical unemployment: This occurs when the overall economy is in a downturn, leading to decreased demand for goods and services, and decreased employment. This type of unemployment tends to be temporary, as the economy improves, and demand for goods and services increases.
      • Seasonal unemployment: This occurs when employment is affected by seasonal changes, such as farming or tourism industries that have more workers during peak seasons and fewer workers during off-seasons.
      • Technological unemployment: This occurs when advances in technology lead to job loss, as workers are replaced by machines or automation.
    • Each type of unemployment has its own causes and effects, and the nature and extent of unemployment can vary depending on a number of factors, including the stage of the business cycle, government policies, and international events. Understanding the different types of unemployment can help policymakers and individuals better understand the labor market and take steps to address the challenges posed by unemployment.
    • There are several ways to tackle disguised unemployment in Indian agriculture:
      • Agricultural diversification: Encouraging farmers to diversify into non-agricultural activities, such as small businesses or service sectors, can help to reduce disguised unemployment in the agricultural sector.
      • Agricultural mechanization: Improving access to modern agricultural technologies, such as tractors and irrigation systems, can help to increase productivity and reduce the need for labor in agriculture.
      • Land reform: Implementing policies to promote land consolidation and distribution can help to reduce the number of small, fragmented plots of land and increase the efficiency of agriculture.
      • Rural development: Investing in rural infrastructure, such as roads, schools, and healthcare facilities, can help to create new opportunities for employment and improve the quality of life for those living in rural areas.
      • Skill development: Providing training and education to farmers and rural workers can help them acquire new skills and improve their employment prospects outside of agriculture.
      • Crop diversification: Encouraging farmers to grow a wider variety of crops, rather than relying on just a few crops, can help to reduce the risk of crop failure and increase overall agricultural productivity.
      • Encouraging cooperative farming: Promoting cooperative farming and collective farming systems can help farmers to pool their resources, reduce costs, and increase productivity.
    • These strategies can help to reduce the problem of disguised unemployment in Indian agriculture, increase agricultural productivity, and improve the quality of life for those living in rural areas. However, it's important to note that these solutions must be tailored to the specific needs and circumstances of each region, and must be implemented in a sustainable and equitable manner.

    Conclusion

    Disguised unemployment in Indian agriculture is a major issue that needs to be addressed through various means, including education and training, investment, diversification, technology, and supportive policies. By taking these measures, the sector can move towards a more productive workforce, reducing unemployment and boosting economic growth.

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