what is unemployment write its main causes and type
Answers
Answer:
Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. Demand-side reductions may be caused by high interest rates, global recession, and financial crisis. From the supply side, frictional unemployment and structural employment play a great role.
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.
The following are the main causes of unemployment:
(i) Caste System: ...
(ii) Slow Economic Growth: ...
(iii) Increase in Population: ...
(iv) Agriculture is a Seasonal Occupation: ...
(v) Joint Family System: ...
(vi) Fall of Cottage and Small industries: ...
(vii) Slow Growth of Industrialisation: ...
(ix) Causes of Under Employment: