write three characteristics of disguised employment?
Answers
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Answer....
1)The marginal productivity of labor in disguised unemployment is zero.
2) It is usually associated with family employment or self employed labor and not wage labor.
3) It is not possible to identify personally disguisedly unemployed labor.
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Answer:
Mentions the following characteristics of disguised unemployment
1) The marginal productivity of labor in disguised unemployment is zero.
2) It is usually associated with family employment or self employed labor and not wage labor
3) It is not possible to identify personally disguisedly unemployed labor.
4) It is to be distinguished from seasonal unemployment caused by climate factors.
5) The disguised unemployment in under developed countries is to be distinguished form industrial under employment in the developed countries.
Explanation: