Question

what do you understand by covert or covert unemployment?​

Answer 1

I MEANS WORKING ILLEGALLY

BECOZ COVERT HERE MEANS HIDE N WORK

Answer 2

Situation where labour that is employed in a job is not actually utilised for the production of goods and services.

Explanation:

• In other words such employment does not contribute to the output of an economy and is thus akin to a form of unemployment.
• Unemployment that does not affect aggregate economic output.
• It occurs when productivity is low and too many workers are filling too few jobs.
• The term unemployment refers to a situation when a person who is actively searching for employment is unable to find work.
• Unemployment is considered to be a key measure of the health of the economy.
• When more than required numbers of people are engaged in productive activities it is called underemployment.
• In this case work done by a person is hidden and even if the person is removed from employment the production will remain the same.
• Therefore underemployment is also known as disguised unemployment.