distinguish between open unemployment and disguised unemployment ?
answer in 5 points and must be in tabular form.
Answers
Differences between open unemployment and disguised unemployment:(Could not be submitted in tabular format in this page format)
1. In case of an open unemployment, a person is willing to work, but he does not get a place or opportunity to work. On the other hand in case of a distinguished unemployment, more number of people work for the same work that can be carried out by lesser people, thus the ultimate effort of these people is actually null.
2. Open unemployment can be perceived while disguised unemployment cannot be easily perceived.
3. In open unemployment, the overall economy of a country can be affected positively or negatively if employees join or leave, but in disguised unemployment, it doesn't matter whether they are there or not.
4. All employees are important in open unemployment while extra employees mean nothing in disguised unemployment.
5. 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".
Answer:
If there is no work to do for people, it is known as open employment whereas disguised unemployment occurs when there is low or no productivity of work.
Explanation:
Unemployment is clearly visible in case of open employment whereas it is kept hidden in disguised unemployment. Open unemployment causes no earning options for people for their livelihood but in case of disguised unemployment, the workers can gain some amount but lesser than regular job. Open unemployment directly affects economy of nation while goods and services are not much affected by disguised unemployment.