Asked by Mackenzie Vatter on Jun 22, 2024
Verified
Surplus agricultural labor in a developing nation usually means that there is
A) a caste system.
B) widespread underemployment.
C) immobility of labor resources.
D) increased investment in agriculture.
Surplus Agricultural Labor
A condition in agricultural economies where there are more laborers available than are needed to cultivate the land, often leading to unemployment or underemployment in rural areas.
Developing Nation
A country with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) compared to developed nations.
Underemployment
Underemployment refers to situations where workers are employed below their capacity, either through part-time jobs when they seek full-time employment or in positions that underutilize their skills.
- Understand the contribution of human resources and entrepreneurial endeavors to economic growth.
Verified Answer
Learning Objectives
- Understand the contribution of human resources and entrepreneurial endeavors to economic growth.
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