what are the two types of Unemployment found in rural areas how does unemployment affect the overall growth of an economy explain by giving Four Points
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The two types of Unemployment in rural areas are:
(i) Disguised unemployment: This happens when more workers than what is required does a job and even if few of them are removed the work is not affected
(ii) Seasonal unemployment: This happens when there is no work available during some months like Winter.
Disadvantages of unemployment are:
- Unemployment results in the wastage of human resource as people are not involved in any kind of productive activities. This makes them a liability for the nation.
- Due to unemployment people may get engaged in illegal activities such as theft, robbery, etc.
- The dependence of unemployed people increases on the working population of the country.
- Increasing trends towards unemployment is an indicator of a depressed economy
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