Question

what is the difference between open unemployment and disguised unemployment? (proper answer)
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Answer 1

Explanation:

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Answer 2

Open unemployment refers to a situation in which an individual literally do not have any employment or job and is therefore,not able to sustain his or her livelihood.Disguised unemployment basically means that an individual is employed in a company or organisation but is not able to perform according to his or her best capacity.

Explanation:

Difference between open unemployment and disguised unemployment:-

• Open unemployment implies that an individual is completely unemployed and not able to find a job and hence,cannot sustain his or her livelihood.Disguised unemployment refers to any employed individual who is not able to function according to the best of his/her ability due to significant lack of work in the company or recruitment freeze due to insufficiency of employee duties and responsibilities.
• Open unemployment is explicit,open or known but disguised unemployment is often implicit or concealed.
• Open unemployment has a much broader impact on the overall economy as persistent open unemployment might severely affect the overall production level of goods and services in the economy.In contrast,disguised unemployment does not affect the current or future production level in the economy as it implies excess employment relative to the amount of work or responsibilities available to them.