← All questionsGS3 · 2023 · Economy & Infrastructure ·Care Economy vs Monetised Economy
QUESTION 12
GS3
15 marks

Distinguish between ‘care economy’ and ‘monetised economy’. How can care economy be brought into monetised economy through women empowerment?

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11 min
250 words

What the examiner wants

Distinguish care work from the market economy and explain how women's empowerment can bring care work into the paid economy.

DistinguishBring out the differences clearly, point by point.

Demand-wise check

  1. 1Care economy: paid and unpaid work caring for children, elderly, sick, households; mostly unpaid and done by women≈65 words
  2. 2Monetised economy: goods and services exchanged for money and counted in GDP≈65 words
  3. 3Bringing care in: paid crèches and elder care, skilling (nursing, care workers), valuing in satellite accounts, maternity and childcare support, ASHA/Anganwadi pay, women's SHG enterprises≈65 words

Open in about 30 words and close in about 30.

Answer plan

DefinitionsContrastSteps to monetise via women's empowermentConclusion

Where marks usually go

  • Not defining both terms
  • Not linking monetisation to women's empowerment

Draw this

  • Two-circle diagram with an arrow from unpaid care to paid care jobs

Value addition

  • DataTime Use Survey 2019: women spent about 299 minutes a day on unpaid domestic services versus 97 minutes for men.NSO Time Use in India 2019
  • SchemePalna scheme (2022) supports crèches for working mothers under Mission Shakti.Ministry of Women and Child Development

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