Iqbal along with five other members of his family worked as a farmer and produced 50
tons of wheat. Due to some dispute in the family, two members opted out of family business, but still remaining member of family are able to produce 50 tons of Wheat. Can you name in which kind of unemployment the members of family were facing?
Answers
Answer:
That is Disguised Employment means there are more labours than the requirement.
Explanation:
Disguised unemployment exists when part of the labor force is either left without work or is working in a redundant manner such that worker productivity is essentially zero. It is unemployment that does not affect aggregate output. An economy demonstrates disguised unemployment when productivity is low and too many workers are filling too few jobs.
Disguised unemployment exists frequently in developing countries whose large populations create a surplus in the labor force. It can be characterized by low productivity and frequently accompanies informal labor markets and agricultural labor markets, which can absorb substantial quantities of labor.
Disguised, or hidden, unemployment can refer to any segment of the population not employed at full capacity, but it is often not counted in official unemployment statistics within the national economy. This can include those working well below their capabilities, those whose positions provide little overall value in terms of productivity, or any group that is not currently looking for work but is able to perform work of value.