Question

How will you explain the term unemployment give short type answer?

Answer 1

Unemployement is that like anyone who is not able to find the job and not able to do any type of work and those are unemployed is known as unemployement

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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