What is unemployment?What are the most common types of unemployment found in India?What are the disadvantages of unemployment?
Answers
Answer:
Generally, any person who is not gainfully employed in any productive activity is called unemployed. Unemployment may be frictional unemployment, structural unemployment, cyclical unemployment, and voluntary and involuntary unemployment. Broadly, unemployment in India can be classified into two groups
Disguised unemployment and seasonal unemployment are the two most common types of unemployment found in rural India particularly in the farm sector. Under-employment is a condition under which employed people are contributing to productive activities less than they are capable of doing
Explanation:
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Answer:
Unemployment is when a individual is willing to do a job but is unable to find one.
The most common types of unemployment in India are Seasonal unemployment and Disguised unemployment.
Unemployment has many disadvantages. It leads to the wastage of the money and time spent to educate them. The unemployed population becomes a liability rather than an asset. They are unable to contribute to the national income. The unemployed youth may take to criminal activities like theft and murder.