unemployment cause due to depression 1 . frictional 2. cyclical 3 . educated
Answers
Defective education system causes educated unemployment.
Explanation-
A defective education system gives rise to educated unemployment. With the education not being job-oriented a large number of educated youth are unable to find suitable employment.
2. Unemployment during the off season is called seasonal unemployment.
Explanation-
When a person is willing to do work but is not able to find work for a certain season or a period of time, then he is said to be seasonally unemployed.
3. Disguised employed labors has zero marginal productivity.
Explanation-
Disguised unemployment is a situation where there too many people employed in an activity, such that even if you remove a few of them, the productivity remains the same. This implies that the marginal product of labour is zero as the output remains unchanged with an addition/removal to the factor input i.e. labour.
4. Unemployment during recession is called cyclical unemployment.
Explanation-
The period of recession or depression is characterized by a decrease in the aggregate demand. This decrease in aggregate demand leads to a slow-down in the production process, which in turn forces the producers to decrease the number of labour inputs by firing few of the workers. The unemployment thus cause, is known as cyclical unemployment.
5. Employment Guarantee scheme was launched in the state of Maharashtra.
Explanation-
Employment Guarantee Scheme (EGS) was launched by the Maharashtra government in the year 1972-73. The basis of this scheme was ‘right to work’ and it was restricted to unskilled labourers above 18 age.