Describe different type of unemployment found in india short answer
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There are three main types of unemployment: structural, frictional, and cyclical. The first two make up the natural unemployment rate. The third rises when demand falls, usually during a recession. Some economists define as many as six additional types of unemployment, such as seasonal and classical
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1) Disguised unemployment - when more ppl. are engaged in an activity, than the no. of ppl. required for that. for eg. an agricultural field requires 4 laborers but ppl. engaged in the work are 6, then the unemployment for 2 laborers is called disguised unemployment.
2) Seasonal unemployment- it refers to an unemployment where a no. of persons r not able to find jobs during some months of the yr!
3) under employment - it refers to an employment situation that is insufficient in some important way for the worker, relative to a standard.
2) Seasonal unemployment- it refers to an unemployment where a no. of persons r not able to find jobs during some months of the yr!
3) under employment - it refers to an employment situation that is insufficient in some important way for the worker, relative to a standard.
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