Question

how will i explained the term unemployment

Answer 1

Unemployment is a situation in which people who are able and willing to work at the going wages cannot find jobs.

An individual is termed as unemployedif he or she is part of the workforce of a country, and is capable and willing towork for payment, but is unable to do so.

Answer 2

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(i)Unemployment is said to exist when people who are willing to work at the going wages cannot find job.

(ii)Unemployment in a country refers to that situation where in large number of working population is willing to work at the existing rate of wages but due to several reasons they fail to get any work.

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