differences between open unemployment, disguised unemployment and seasonal unemployment for 5 marks...☺
Answers
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☆Open Unemployment : When a country’s labour force does not get opportunities for adequate employment, this situation is called open unemployment. This type of unemployment is generally found in the industrial sector (e.g., when workers of a factory are laid off due to its closure) and landless agricultural labourers in rural areas.
☆ Disguised Unemployment : This is a kind of unemployment in which there are people who are visibly employed but actually they don’t have full employment. In such a situation more people are engaged in a work than required. This type of unemployment is generally found in unorganized sector where either work is not constantly available or too many people are employed for the same work that does not require so many hands.
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Open unemployment:
1-Open employment refers to the situation in which an individual has no job and unable to earn his livelihood.
2-This unemployment is clearly visible.
3-People’s unemployment will affect the production of goods and services in an economy.
4-country’s labour force do not get opportunities for adequate employment
5-In Open Employment the landless agricultural labourers in rural areas faces this.
Disguised unemployment
1-Disguised unemployment refers to the situation in which people work at a place where there is no more people are required.
2-This unemployment is hidden.
3-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
4-The work is not constantly available or too many people are employed for the same work that does not require so many hands.
5-This is generally found in unorganized sector where either work is not constantly available or too many people are employed for the same work that does not require so many hands.