Distinguish between voluntary and involuntary unemployment. Give examples
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voluntary unemployment if there caernarfon more people working on a project than required like in a farm whole family is working but only 3 are required.
involuntary like you have necessary skillset but there is no industry to employ you.
involuntary like you have necessary skillset but there is no industry to employ you.
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Voluntary unemployment: This is referred to a situation where a person has all the skill set to get a job and work, but still remains unemployed on his own will. In this situation, the person is unemployed despite jobs available in the job market.
Involuntary unemployment: This refers to a situation where the person is interested to work, but is not getting the work that is paying a decent package as per their skill set.
In this kind of situation, the person would remain jobless due to no jobs available in the market.
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