Question

how will you explain the term unemployment?


I want a big ans for it

It should be of 4marks​

Answer 1

Answer:

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy

Explanation:

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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