contrast between production and employment disguised unemployment
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Explanation:
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Explanation:
What is the difference between underemployment and disguised unemployment?
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UNDEREMPLOYMENT
The condition in which people in labor force are employed at less than full time or require regular job or at jobs inadequate with respect to training or economic need.
Part -time engineer is underemployed
An MBA working as clerk is under employed.
DISGUISED UNEMPLOYED
Disguised unemployment exists when part of the labor force is either left without work or working in a redundant manner ,where worker productivity is zero and does not contribute to output.
If a job requiring 5 people is done by 9 people 4 is disguised unemployment.This is so in many govt departments
A farmer having 5 c
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Underemployment : it refers to a situation where the available labour force are not provided with full time jobs or do not make utilisation of the technical and analytical skill of the labour force.
For example: A graduate from IIT being employed at McDonalds
Disguised Unemployment : refers to a situation where the contribution of the employed labour is negligible to the total output. It occurs due to a excessive population and lack of employment opportunities. The labourers think that they are employed but they actually aren't.
For example: An agricultural field which requires only 2 laboures has 10 of them working on the same field.