Question

Define the term unemployment what are the three types of Unemployment explain . CLASS - 9 ECONOMICS CHAPTER 2

Answer 1

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.

Answer 2

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.