Correct Answer: The difference between the skills possessed by workers and the skills required by employers

Solution : The correct answer is (a) The difference between the skills possessed by workers and the skills required by employers

The skill gap represents a mismatch between the skills that individuals possess and the skills that are in demand by employers in the labor market. It occurs when there is a disparity between the skills, knowledge, or qualifications of the available workforce and the requirements of available jobs. This gap can result in a situation where employers struggle to find qualified workers, while individuals may face difficulty in finding suitable employment due to their lack of relevant skills. Bridging the skill gap often involves efforts such as providing skill development programs, training initiatives, and educational opportunities to equip individuals with the necessary skills needed in the labor market.