Question

Discuss different types of unemployment and mention the causes of unemployment

Answer 1

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Digging deeper, unemployment—both voluntary and involuntary—can be broken down into four types.

• Frictional unemployment. Frictional unemployment occurs as a result of people voluntarily changing jobs within an economy. ...
• Cyclical unemployment. ...
• Structural unemployment.

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Answer 2

Answer:

1) cyclic unemployment :

It is caused when individuals lose their jobs as a

result of a downturn in AD

2) demand deficient unemployment :

It is caused in lack of AD, with insufficient demand to generate full employment

3) structural unemployment :

When certain industries decline because of long

term changes in market conditions

4)regional unemployment :

When structural unemployment effects the local

areas of an economy

5)seasonal unemployment :

It occurs because certain industries only produce

or distribute their products at certain times of the

year

Hope it helps!!!