Differentiate between distinguished and open unemployment with example
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In case of an open unemployment, a person is willing to work, but he does not get a place or opportunity to work. ... In open unemployment, the individual is not earning a penny, while in disguised unemployment the employee feels he is contributing something, while he is of no use to that work as he is treated as "extra"
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Answer: Distinguised:
1)Distinguish unemployment refers to the situation in which people work at a place where there is no more people required. The situation in which people are apparently working but all of them are made to work less then their potential.
○● This unemployed is hidden.
○● People's unemployment won't affect the production of goods and services because here already more than required people are working so is they leave that's not a big deal.
☆Unemployment:
2)Open unemployment refers to the situation in which an individual has no job and unable to earn his livelihood.
○●This unemployment is clearly visible.
○●People's unemployment will affect the production of goods and services in an economy.
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