What do you mean by unemployment ? Explain different types of unemployment
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unemployment means not getting jobs
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Unemployment is a condition of the economy where the people are interested to work but not able to work. Major factors affecting Unemployment are - Unemployment is - (i) Slow growing economy leads to unemployment due to lack of newer job opportunities in the market (ii) When the Population Growth rate of the nation is increasing consistently than the unemployment because of a cause to work over due to increasing demand in the job and fewer working opportunity. (iii) Involvement in Seasonal Occupations like agriculture, ice-cream factories, textile industry gives employment for only a specific period only. (iv) Banishment in the small scale and cottage industries due to the advancement in the technology of working a firm brings more finished goods than well made manually. (v) Inappropriate channelization of funds is also a major reason which leads to the lack of employment in the market. Type of unemployment are as follow - •Seasonal employment- Under this unemployment, people are working for certain periods, tasks, event or seasons of the county. These employees are time, task or season based. The employments like ice-cream factories, Agricultural harvesting as well as clothing lines, etc. •Regional unemployment- This particular unemployment problem lies with certain geographical areas of the country where there are not businesses are in the role. •Structural unemployment- The structural unemployment symbolizes a certain structure where the job opportunity has a scarcity of jobs. •Cyclically unemployment- This unemployment is the chain that goes on loop throughout the time. Learn more about Unemployment and types of it - https://brainly.in/question/14570387
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