Question

What is unemployment? Describe about its types.
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Answer 1

Explanation:

Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy.

Frictional unemployment.Cyclical unemployment.Structural unemployment.Institutional unemployment

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Answer 2

Unemployment is the state when a person is unable to find jobs for meeting his/her daily needs. There are three natures of unemployment:- Seasonal unemployment, Educated unemployment and Disguised unemployment.
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