How open unemployment and disguised unemployment differ each other for 0 board?
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Unemployment is when a person is willing to work, but is unable to find work due to scarcity of jobs. For example, Tarun is an IIT graduate, but is unable to find a job. This is unemployment.
Let me explain what disguised unemployment is with the help of an example.
In India, a huge portion of the population is employed in agriculture. The Bedis are such a family. There are 6 people working in the farm and producing 4kgs of grains. It may so happen that one of the sons of the family does not work, and the other 5 people can produce 4kgs without him. This is disguised unemployment. He is said to be employed in agriculture, but his employment is not reeping anything.
Let me explain what disguised unemployment is with the help of an example.
In India, a huge portion of the population is employed in agriculture. The Bedis are such a family. There are 6 people working in the farm and producing 4kgs of grains. It may so happen that one of the sons of the family does not work, and the other 5 people can produce 4kgs without him. This is disguised unemployment. He is said to be employed in agriculture, but his employment is not reeping anything.
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