Name and give the meaning of any four kinds of unemployment
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Structural unemployment
Structural unemployment occurs because of a mismatch of skills in the labor market.
Frictional unemployment
Frictional unemployment results when people take time to move from one job to another.
Cyclical unemployment
Cyclical unemployment occurs when the economy is below its full capacity.
Seasonal unemployment
Unemployment that results from changes in seasons is referred to as seasonal unemployment.
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