difference between open and disguised unemployment
Answers
Explanation:
Open Unemployment
(i) Open employment refers to the situation in which an individual has no job and unable to earn his livelihood.
(ii) This unemployment is clearly visible.
iii) People's unemployment will affect the production of goods and services in an economy.
Disguised unemployment
i) Disguised unemployment refers to the situation in which people work at a place where there is no more people are requird. The situation in which people are apparently working but all of them are made to work less then their potential.
(ii) This unemployment is hidden.
(iii) People's unemployment won't affect the production of goods and services because here already more than requirement of people are working so if they leave that's not a big deal.
hope it will help you
mark as brainlest answer please
Explanation:
In case of an unemployment,a person is willing to work,but he does not get a place or opportunity to work. ...ln open unemployment the individual is not earning a penny, while in disguised unemployment the employe feels he is contributing something, while he is of no use to that work as he is treated as '' extra".