Question

Define the term Unemployment. Explain any two types of unemployment.

Answer 1

Answer:

UNEMPLOYMENT refers to a situation where an individual is willing to work at any wages and is able to work but doesn't get work.

Two types of unemployment are:

Fictional unemployment

cyclic unemployment

Explanation:

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Answer 2

Define the term Unemployment.

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy.

Two Types of Unemployment

. ...

Cyclical unemployment. ...

Structural unemployment