explain the term seasonal unemployment
Answers
Answer:
Definition: Seasonal unemployment occurs when people are unemployed at particular times of the year when demand for labour is lower than usual. For example, in a Ski resort unemployment is likely to be higher in the summer when there is no snow.
Explanation:
Simply, the period when the demand for the manpower as well as the capital stock reduces because of a decreased demand in the economy at a particular point in time in a year causes the seasonal unemployment. The seasonal unemployment is prevalent in those industries which are engaged in seasonal production activities.
Answer: Seasonal unemployment occurs when people are unemployed at particular times of the year when demand for labour is lower than usual. For example, in a Ski resort unemployment is likely to be higher in the summer when there is no snow.
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Explanation: