What are the different types of unemployment in india? Explain in detail?
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There are three main types of unemployment: structural, frictional, and cyclical. The first two make up the natural unemployment rate. The third rises when demand falls, usually during a recession. Some economists define as many as six additional types of unemployment, such as seasonal and classical.
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✳Different types of unemployment in India are:
1. Underemployment or disguised unemployment: A situation where there are more people in agriculture than necessary.
2. Seasonal unemployment: When people are unemployed for a particular season, it is called as seasonal unemployment.
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