Which type of unemployment is found in developed countries?
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Educated unemployment is found in developed countries...
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Technically speaking, unemployment is defined as a state of affairs when in a country there are a large number of able-bodied persons of working age who are willing to work but cannot find work at the current wage levels.
People who are either unfit for work for physical or mental reasons, or don’t want to work, e.g., sadhus, are excluded from the category of the unemployedMere engagement in some productive occupation does not necessarily mean absence of unemployment. People, who are only partially employed or are engaged in inferior jobs, though they can do better jobs, are not adequately employed. It is called a state of underemployment which is equally bad for the prosperity of a country. Under capitalism, it seems some amount of unemployment is inevitable. The best that can be done is to keep the number of the unemployed as low as possible.
mark me as a brainlist.......
Technically speaking, unemployment is defined as a state of affairs when in a country there are a large number of able-bodied persons of working age who are willing to work but cannot find work at the current wage levels.
People who are either unfit for work for physical or mental reasons, or don’t want to work, e.g., sadhus, are excluded from the category of the unemployedMere engagement in some productive occupation does not necessarily mean absence of unemployment. People, who are only partially employed or are engaged in inferior jobs, though they can do better jobs, are not adequately employed. It is called a state of underemployment which is equally bad for the prosperity of a country. Under capitalism, it seems some amount of unemployment is inevitable. The best that can be done is to keep the number of the unemployed as low as possible.
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