What are the different type of unemployment? Difference between unemployment and underemployment?
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different types of unemployment are
1 disguised unemployment
it is a situation where people are apparently working but all of them are made to work less than their potential
2 Open unemployment
it is a situation where people are not employed at all.
it is clearly visible
the more the people will be unemployed the more it will affect the production.
Unemployment
lack of unemployment or worklessness
2 it is clearly visible
Underemployment
it is a situation where people are apparently working but all of them are made to work less than their potential. it is also called disguised unemployment.
2 it is hidden
3 if few people move out it will not affect the production
1 disguised unemployment
it is a situation where people are apparently working but all of them are made to work less than their potential
2 Open unemployment
it is a situation where people are not employed at all.
it is clearly visible
the more the people will be unemployed the more it will affect the production.
Unemployment
lack of unemployment or worklessness
2 it is clearly visible
Underemployment
it is a situation where people are apparently working but all of them are made to work less than their potential. it is also called disguised unemployment.
2 it is hidden
3 if few people move out it will not affect the production
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