Define the term unemployment what are the three types of Unemployment explain . CLASS - 9 ECONOMICS CHAPTER 2
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There are three main types of unemployment: cyclical, frictional and structural. Cyclical unemployment occurs because of the ups and downs of the economy over time. ... Seasonal unemployment is a type of structural unemployment that happens when the structure of the economy changes from month to month.
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Unemployment: Unemployment occurs when a person is actively searching for employment is unable to find work.
There are 4 main types of unemployment:
A. Frictional unemployment: It is the result of voluntary Employment transitions within an economy.
B. Structural unemployment: It is caused by shifts in the economy that make it difficult for workers to find employment.
C. Cyclical unemployment: It is a type of unemployment which is related to the cyclical trends In the industry or the business cycle.
D. Seasonal unemployment: It occurs when people are unable to find jobs during some months of the year. People dependant on agriculture face seasonal unemployment.
There are 4 main types of unemployment:
A. Frictional unemployment: It is the result of voluntary Employment transitions within an economy.
B. Structural unemployment: It is caused by shifts in the economy that make it difficult for workers to find employment.
C. Cyclical unemployment: It is a type of unemployment which is related to the cyclical trends In the industry or the business cycle.
D. Seasonal unemployment: It occurs when people are unable to find jobs during some months of the year. People dependant on agriculture face seasonal unemployment.
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