Who registeres unemployment? (NCERT, class 10)
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Explanation:
In general, the unemployment rate in the United States is obtained by dividing the number of unemployed persons by the number of persons in the labor force (employed or unemployed) and multiplying that figure by 100. There are, however, various ways of defining “unemployed,” each yielding a distinct unemployment rate.
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The major cause of unemployment and underemployment in underdeveloped countries like India is the deficiency of the stock of capital in relation to the needs of the growing labour force. In the modern world, man by himself can hardly produce anything.
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