31. what is disguised unemployment?
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What is disguised unemployment?
Disguised unemployment is unemployment that does not affect aggregate economic output. It occurs when productivity is low and too many workers are filling too few jobs. It can refer to any part of the population that is not employed at full capacity.
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- Disguised unemployment is said to exist when people are employed but they are not.
- Where there is a need for five people eight people are working.
- It means three people are wasting there energy for no reasons.
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