Question

Write a note on “Reasons of Unemployment”​

Answer 1

Explanation:

Causes of unemployment

Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...

Structural unemployment. ...

Classical or real-wage unemployment: ...

Voluntary unemployment. ...

Demand deficient or “Cyclical unemployment”

Answer 2

Answer:

Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. From the demand side, it may be caused by high interest rates, global recession, and financial crisis.