Question

Distinguish between voluntary unemployment and involuntary unemployment. What is the significance of this distinction.

Answer 1

HERE IS YOUR ANSWER

✔An involuntary unemployment means a situation in which all able persons who are willing to work at the prevailing wage rate do not get work. ... Thus, their unemployment is involuntary (i.e., not voluntary) because they are rendered unemployed against their wishes.

Answer 2

Answer:

Involuntary Unemployment :-

1) It refers to a situation in which people are willing to work but do not get job due to excess of labour force.

2) It is forced unemployment

Voluntary unemployment :-

1) It is a type of SELF UNEMPLOYMENT where people are fit to work but not willing to work

2). It is willfull unemployment