Professional Documents
Culture Documents
BY :
ANIRUDH
JAIN
X-E
ROLLNO.7
Introduction
The part of theeconomyconcerned with providing
basic governmentservices. Thecomposition of
thepublic sectorvaries bycountry, but in most
countries the public sector includes such services
as the police, military, public roads, public
transit,primaryeducation and healthcare for the
poor. The public sector might provide services
that non-payer cannot be excluded from (such as
street lighting), services whichbenefitall of
society rather than just
theindividualwhousestheservice(such as public
education), and services that encourage equal
opportunity.
Public Sector
(in per cent)
Private Sector
(in per cent)
First Plan
46
54
Second Plan
54
46
Third Plan
63
37
Fourth Plan
61
39
Fifth Plan
58
42
Sixth Plan
53
47
Seventh Plan
48
52
Eighth Plan
45
55
Ninth Plan
33
67
Tenth Plan
24
76
Eleventh (2007-12)
22
78
maximization
Lack of good management
Lack of autonomy to make decisions
regarding their own growth and
development
Over-staffing and inefficiency of
employees
Under-utilization of production capacity
Industrial disputes
Wrong pricing policies
Types of Unemployment
Frictional unemployment
Structural unemployment
Cyclical or Keynesian
unemployment
Seasonal unemployment
Frictional
unemployment
Frictional unemployment occurs when a
worker moves from one job to another. It is a
result of imperfect information in the labor
market, because if job seekers knew that they
would be employed for a particular job
vacancy, almost no time would be lost in
getting a new job, eliminating this form of
unemployment.
Structural unemployment
Structural unemployment arises when the
Cyclical unemployment
Seasonal Unemployment
Seasonal unemployment
Causes of unemployment
High Population growth.
Absence of employment opportunities.
Seasonal Employment.
Joint Family System.
Increasing turnout of students from Indian
Universities.
Slow Developing of Industries.
Insufficient Rate of Economic Progress.
Conclusion
The disinvestment programme has been
carried out by the government in a
hasty manner. The outcome of
privatization so far as has been
pathetic. The stress should be on
making PSUs work more efficiently
rather than reducing public ownership
in the economy.
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