unemployment in India is to born while developed countries like USA it is a cyclical why
Answers
Answer:
because India was under rule of britishers due to which it can't developed properly in that period
Explanation:
Unemployment, according to the Organisation for Economic Co-operation and Development (OECD), is when persons above a specified age (usually above 15)[2] are not in paid employment or self-employment and are currently available for work during the reference period.[3]
Unemployment is measured by the unemployment rate as the number of people who are unemployed as a percentage of the labour force (the total number of people employed plus unemployed).[4]
Job creation and unemployment are affected by factors such as aggregate demand, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage rates.