Can you explain the answer of this question below:Occupational structu...
Occupational structure refers to:
Occupational structure refers to the distribution of the workforce among different occupations or industries within a country or an economic system. It provides an overview of the composition of the labor force and the types of jobs people are engaged in.
Types of Unemployment
There are several types of unemployment that can exist in an economy. These include:
1. Structural Unemployment: This type of unemployment occurs when there is a mismatch between the skills and qualifications of the available workforce and the requirements of the available jobs. It is usually caused by changes in technology, shifts in consumer demand, or changes in the structure of the economy.
2. Fricitional Unemployment: Fricitional unemployment refers to the temporary unemployment that occurs when individuals are in the process of transitioning between jobs. It is generally considered a natural and unavoidable part of the labor market as workers search for better opportunities or are in the process of being hired.
3. Seasonal Unemployment: Seasonal unemployment occurs due to the seasonal nature of certain industries. Workers in industries such as agriculture, tourism, and construction may experience unemployment during off-season periods when there is less demand for their services.
4. Cyclical Unemployment: Cyclical unemployment is directly related to the business cycle and occurs when there is a downturn in economic activity. During recessions or economic contractions, firms may lay off workers due to reduced demand for their products or services.
5. Disguised Unemployment: Disguised unemployment exists when there are more workers in a particular sector or occupation than required. In this situation, additional workers do not contribute significantly to the overall output or productivity. It often occurs in sectors with low productivity and limited job opportunities.
6. Educational Unemployment: Educational unemployment refers to the unemployment of educated individuals who are unable to find suitable employment opportunities matching their qualifications.
Unemployment in India
Cyclical unemployment is the type of unemployment that is more prevalent in India. The Indian economy is subject to various economic cycles, with periods of growth and recession. During economic downturns, demand for goods and services decreases, leading to reduced production and layoffs by firms. This results in a rise in cyclical unemployment.
Key Points:
- Occupational structure refers to the distribution of the workforce among different occupations or industries within a country or economic system.
- Types of unemployment include structural, frictional, seasonal, cyclical, disguised, and educational unemployment.
- Cyclical unemployment is more prevalent in India due to the country's economic cycles.
- Cyclical unemployment occurs during economic downturns when there is reduced demand for goods and services, leading to layoffs by firms.
- Disguised unemployment refers to the situation where additional workers do not contribute significantly to productivity and often occurs in sectors with limited job opportunities and low productivity.
- Educational unemployment refers to the unemployment of educated individuals who are unable to find suitable employment matching their qualifications.
Can you explain the answer of this question below:Occupational structu...
Cyclical unemployment is due to fluctuations in the economy over time........for example: In recession, Job losts are considered as cyclical unemployment...... So, C is the answer :)
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