What is Meant by Unemployment
Answers
Answer:
Unemployment is a term used to determine a lack of job oppurtunity. The scale of unemployment can be scaled as big or small depending on the circumstances. Sometimes, an entire economy is considered unemployed, or only a community.
Unemployment is one of the dark reasons of poverty in any economy. Lack of jobs meaning lack of earning meaning lack of money and income.
Unemployment can be categorised (pigeon-holed) into disguised and seasonal unemployment. Disguised unemployment is where more people appear to work on a single thing, which is more than required. The people who work on a particular activity, if removed, still does not affect the state of work, are said to be under disguised unemployment.
While on the other hand,
Seasonal unemployment is when a person faces unemployment for a part of a year or even a full year..