What is unemployment ? Discuss any two types of unemployment which are most common in india.
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There are three main types of unemployment: structural, frictional, and cyclical. The first two make up the natural unemployment rate. The third rises when demand falls, usually during a recession. Some economists define as many as five additional types of unemployment, such as seasonal and classical.
This article summarizes the nine types of unemployment. Links to more detailed articles are included in case you would like to learn more. Also find out how unemployment is measured, and why some experts say it doesn't capture the real unemployment rate.
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