WHAT ARE THE DIFFERENT TYPES OF UNEMPLOYMENT PREVALANT IN INDIA? NAME AND EXPLAIN THEM
Answers
Answer:
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Explanation:
Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy.
Different types of unemployment prevalant in India .
Disguised Unemployment:
1. It is a phenomenon wherein more pSeasonal Unemployment:
seasonal unemployment
1. It is an unemployment that occurs during certain seasons of the year.
2. Agricultural labourers in India rarely have work throughout the year.
Structural Unemployment:
1. It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market.
2. Many people in India do not get job due to lack of requisite skills and due to poor education level, it becomes difficult to train them.
Cyclical Unemployment:
1. It is result of the business cycle, where unemployment rises during recessions and declines with economic growth.
Cyclical unemployment figures in India are negligible. It is a phenomenon that is mostly found in capitalist economies.eople are employed than actually needed.
2. It is primarily traced in the agricultural and the unorganised sectors of India.
Technological Unemployment:
1. It is loss of jobs due to changes in technology.
2. In 2016, World Bank data predicted that the proportion of jobs threatened by automation in India is 69% year-on-year.
Frictional Unemployment:
1. The Frictional Unemployment also called as Search Unemployment, refers to the time lag between the jobs when an individual is searching for a new job or is switching between the jobs.
Vulnerable Employment:
1. This means, people working informally, without proper job contracts and thus sans any legal protection. These persons are deemed ‘unemployed’ since records of their work are never maintained.
2. It is one of the main types of unemployment in India.
- Answer: 10 Type of Unemployment in India
- Disguised Unemployment
- Cyclical unemployment
- Open Unemployment
- Seasonal Unemployment
- Educated Unemployment
- Structural Unemployment
- Casual Unemployment
- Frictional Unemployment
- Chronic Unemployment
- Technological Unemployment
Explanation:
1. Disguised Unemployment
Disguised unemployment is defined as the situation in which employees are doing more work than is necessary. Hence, if someone leaves then production remains affected due to the extra or surplus workforce. Additionally, the productivity remains at a marginal zero due to the high number of workers. Disguised unemployment is found usually in the field of agriculture due to overcrowding caused by lack of alternative job opportunities and fast population growth.
2. Cyclical Unemployment
Cyclical unemployment is caused due to trade cycles at frequent intervals. Generally, capitalist economies are more likely to be subjected to trade cycles.
3. Open Unemployment
This is probably the biggest type of unemployment prevalent in India. Open unemployment is when a huge section of people belonging to the workforce do not have jobs that might yield them a monthly income. The major reason for open unemployment is that the labour force expands at a much rapid speed than the economic growth rate..
4. Seasonal Unemployment
As the name suggests, seasonal unemployment is prevalent during specific seasons of a year. For example, in industries like ice factories, holiday resorts, agriculture etc. production happens on a temporary and seasonal basis. Hence, employment is also offered for a limited period. The rest of the year also known as off-season, employees remain unemployed.
5. Educated Unemployment
Apart from open unemployment, many educated people tend to remain unemployed due to their educational qualifications not matching the available job profiles.
6. Structural Unemployment
When a country undergoes a drastic change in its economic structure, it leads to structural unemployment. These changes normally have an effect on the demand or supply of a production factor. In other words, structural unemployment is a result of technological advancement and economic development happening all over the world, in every field.
7. Casual Unemployment
If a person works on a day-to-day basis, casual unemployment happens due to reasons like ownership change, fall in demand, scarcity of raw materials, short-term contracts etc.
8. Frictional Unemployment
Discrepancies between the demand for labour and supply for labour can sometimes lead to frictional unemployment. Frictional unemployment is caused by reasons like seasonal employment, a dearth of timely and accurate information, immobility of labour.
9. Chronic Unemployment
When unemployment becomes a near permanent or a long-term component of a country, it is known as chronic unemployment. Chronic unemployment is a result of factors such as unsatisfactory economic development due to large-scale poverty and swift population growth.
10. Technological Unemployment
Technological unemployment occurs due to specific modifications in production techniques, which might not require a lot of manual labour. These days, modern technology has surpassed the need for and importance of manual labour resulting in technological unemployment.