4) Concept of unemployment-
Involuntary unemployment
unemployment
voluntary unemployment / Under
Answers
Answer:
Involuntary unemployment:
An involuntary unemployment means a situation in which all able people who are willing to do work at the prevailing wages do not get to work.
Such people are physically and mentally fit to work and are also willing to work at the going rate but are out of Job.
voluntary Unemployment:
The Voluntary Unemployment refers to the situation when the worker chooses not to work because of a low wage scale or not able to find out the suitable employment for him.
The voluntary unemployment is when the person decides not to participate in the labor market, not because of the unavailability of jobs, but because of not finding the jobs of his/her own choice or is not satisfied with the wage system.
Hope this helped you!
Answer:
Explanation:
The problem of unemployment gives rise to the problem of poverty. Young people after a long time of unemployment find the wrong way to earn money. To get rid from the unemployment stress, they accept alcohol or drugs. Increase rate in Crimes.