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Employment elasticity is an important concept in labour economics and Indian economic policy, as it measures the responsiveness of employment growth to output growth. In simple terms, it shows how much employment increases when GDP increases by one percent. A high employment elasticity indicates that growth is generating more jobs, while a low elasticity suggests that economic growth is not translating ______ _____ ______ __________ ____ _________ ___ _______ _________ ____ ___.
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