differentiate between under employment and unemployment
Answers
Answer:
unemployment:-Unemployment is a situation when a person seeking a job is unable to find one. Underemployment:-underemployment is a situation when a person is working but isn't working at his full capability.
Answer:
Unemployment
Unemployment is the economic situation where an individual who is jobless, qualified for a job and has been actively looking for employment is unable to find a job. It is one of the major factors usually considered to indicate the economic status of a nation. Unemployment rate is the measure used to express the extent of this condition. High rates of unemployment result to economic and social crisis in any society which is civilized. When economic problems occur, they lead to reduced production of both goods and services, decreased income distribution, tax revenues loss, the GDP rate falls and other adverse effects. On the other hand, social problems mostly affect the individual and take toll on them psychologically and financially. Depression resulting to lack of the ability to fulfill their financial responsibilities on time may result to poor health, early deaths and even suicide.
On the contrary, if there are high employment rates in an economy, most of these problems which are not hinged to other factors are avoided –the standard of living is raised as a result of improvement of the rate of production. The causes of unemployment are dependent on the existent economic conditions and also on the individual’s mindset. Some of them include technology change, recession, global market changes, dissatisfaction of the job by employees, discrimination of employment and bad attitude towards employment opportunities.
Underemployment
Underemployment is an economic situation where a job that an individual is committed to does not utilize all the skills and education the employee possesses. It occurs when a mismatch between the availability of jobs and the availability of education levels and skills happens. There are two types of this condition: visible underemployment and invisible underemployment.
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