GENERAL KNOWLEDGE

Detailed explanation-1: -(i) Employment in the service sector has not increased to the same extent as production. (ii) Workers in the tertiary sector do not produce goods. (iii) Most of the workers in the organized sector enjoy job security. (iv) A large proportion of labourers in India are working in the unorganized sector.

Detailed explanation-2: -Hazlitt shows that it is a basic economic goal of any nation or of any individual to get more production with less effort. He notices that along history it often happens that emphasis is laid more on full employment than on full production, full employment becoming thus an end itself.

Detailed explanation-3: -At one end there are a limited number of services that employ highly skilled and educated workers. (ii)At the other end, there are a very large number of workers engaged in services such as small shopkeepers, repair persons, transport persons, etc.

Detailed explanation-4: -Answer: Not all the service sectors are growing equally well. Service sector in India employs many different kinds of people. At one end there are limited number of services that employ highly skilled and educated workers.