What is unemployment and types of unemployment (class 9) (economics ch 2)
Answers
Unemployment:
Unemployment is defined as to exist that peoples who are willing to do work at the going wages can't find jobs.
The 3 main categories of unemployment are
1. Structural unemployment: This kind of unemployment happens when the demand for a special type of worker is not available. This happens due to the difference between the skills an employer is taking for, and the skills workers actually have.
2. Frictional unemployment: This kind of unemployment arises when workers left their job and search for another one. The time gap between this mentioned as frictional unemployment. Example – quitting or termination.
3. Cyclical unemployment: This kind of unemployment appears when there is a regress and many people lose their posts. When the economy goes up and down, based on these cycles, people became unemployed. That is why this is called cyclical unemployment.
Learn more about Unemployment:
Types of unemployment problems
https://brainly.in/question/12909606
Why is educated unemployment a problem in India
https://brainly.in/question/8597242