Define Open Unemployment.
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Open unemployment is a condition in which people have no work to do. They are able to work and are also willing to work but there is no work for them. ... Hence it is called open unemployment. Naked unemployment is another term used for open unemployment.....
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Open unemployment is a situation in which people are visibilly employing but actually unemployed. This leads to the marginal productivity of labour is zero. It is also called hidden unemployment.
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the people are no work to do but they are willing to do work is known as open unemployment
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