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What is the main difference between voluntary unemployment and involuntary unemployment?
  • a)
    Voluntary unemployment is caused by economic downturns, while involuntary unemployment is by choice.
  • b)
    Voluntary unemployment occurs when a person is willing to work but cannot find a job, while involuntary unemployment is when a person chooses not to work.
  • c)
    Voluntary unemployment occurs when a person chooses not to work, while involuntary unemployment is caused by lack of employment opportunities.
  • d)
    Voluntary unemployment is the result of technological advancements, while involuntary unemployment is due to seasonal variations.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the main difference between voluntary unemployment and involun...
Involuntary unemployment occurs when a person is willing and able to work but cannot find a job due to external factors such as economic conditions or lack of opportunities. Voluntary unemployment, on the other hand, refers to a situation where a person chooses not to work, often due to personal reasons or preferences.
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What is the main difference between voluntary unemployment and involuntary unemployment?a)Voluntary unemployment is caused by economic downturns, while involuntary unemployment is by choice.b)Voluntary unemployment occurs when a person is willing to work but cannot find a job, while involuntary unemployment is when a person chooses not to work.c)Voluntary unemployment occurs when a person chooses not to work, while involuntary unemployment is caused by lack of employment opportunities.d)Voluntary unemployment is the result of technological advancements, while involuntary unemployment is due to seasonal variations.Correct answer is option 'C'. Can you explain this answer?
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What is the main difference between voluntary unemployment and involuntary unemployment?a)Voluntary unemployment is caused by economic downturns, while involuntary unemployment is by choice.b)Voluntary unemployment occurs when a person is willing to work but cannot find a job, while involuntary unemployment is when a person chooses not to work.c)Voluntary unemployment occurs when a person chooses not to work, while involuntary unemployment is caused by lack of employment opportunities.d)Voluntary unemployment is the result of technological advancements, while involuntary unemployment is due to seasonal variations.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main difference between voluntary unemployment and involuntary unemployment?a)Voluntary unemployment is caused by economic downturns, while involuntary unemployment is by choice.b)Voluntary unemployment occurs when a person is willing to work but cannot find a job, while involuntary unemployment is when a person chooses not to work.c)Voluntary unemployment occurs when a person chooses not to work, while involuntary unemployment is caused by lack of employment opportunities.d)Voluntary unemployment is the result of technological advancements, while involuntary unemployment is due to seasonal variations.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main difference between voluntary unemployment and involuntary unemployment?a)Voluntary unemployment is caused by economic downturns, while involuntary unemployment is by choice.b)Voluntary unemployment occurs when a person is willing to work but cannot find a job, while involuntary unemployment is when a person chooses not to work.c)Voluntary unemployment occurs when a person chooses not to work, while involuntary unemployment is caused by lack of employment opportunities.d)Voluntary unemployment is the result of technological advancements, while involuntary unemployment is due to seasonal variations.Correct answer is option 'C'. Can you explain this answer?.
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