UPSC Exam > UPSC Questions > Which type of unemployment is characterized b...
Start Learning for Free
Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?
- a)Open unemployment.
- b)Seasonal unemployment.
- c)Disguised unemployment.
- d)Structural unemployment.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Which type of unemployment is characterized by a scarcity of land, cap...
Structural unemployment is characterized by a scarcity of essential resources like land, capital, or skills in the economy, leading to a structural imbalance in the labor market. It often requires significant structural changes to address this type of unemployment.
Free Test
FREE
| Start Free Test |
Community Answer
Which type of unemployment is characterized by a scarcity of land, cap...
Structural Unemployment:
Structural unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector. Let's break down the key points to understand this type of unemployment better:
1. Cause:
Structural unemployment occurs when there is a mismatch between the skills of the workforce and the requirements of the economy. This can be due to technological advancements, changes in the structure of industries, or a lack of necessary skills in the labor force.
2. Scarcity of Resources:
Unlike other types of unemployment, structural unemployment is not primarily caused by fluctuations in demand or seasonal factors. Instead, it is a result of a long-term imbalance in the labor market due to a scarcity of land, capital, or specific skills.
3. Impact:
Structural unemployment can have a lasting impact on the economy as it leads to persistent joblessness for certain groups of workers. This can result in income inequality, reduced productivity, and social unrest.
4. Solutions:
Addressing structural unemployment requires long-term strategies such as investing in education and training programs to equip workers with the skills needed in the evolving economy. Policies that promote innovation, entrepreneurship, and retraining can also help reduce the structural imbalances in the labor market.
In conclusion, structural unemployment is a complex issue that requires targeted interventions to address the underlying causes of the mismatch between labor supply and demand. By implementing appropriate policies and programs, governments and businesses can work towards creating a more inclusive and sustainable economy.
Structural unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector. Let's break down the key points to understand this type of unemployment better:
1. Cause:
Structural unemployment occurs when there is a mismatch between the skills of the workforce and the requirements of the economy. This can be due to technological advancements, changes in the structure of industries, or a lack of necessary skills in the labor force.
2. Scarcity of Resources:
Unlike other types of unemployment, structural unemployment is not primarily caused by fluctuations in demand or seasonal factors. Instead, it is a result of a long-term imbalance in the labor market due to a scarcity of land, capital, or specific skills.
3. Impact:
Structural unemployment can have a lasting impact on the economy as it leads to persistent joblessness for certain groups of workers. This can result in income inequality, reduced productivity, and social unrest.
4. Solutions:
Addressing structural unemployment requires long-term strategies such as investing in education and training programs to equip workers with the skills needed in the evolving economy. Policies that promote innovation, entrepreneurship, and retraining can also help reduce the structural imbalances in the labor market.
In conclusion, structural unemployment is a complex issue that requires targeted interventions to address the underlying causes of the mismatch between labor supply and demand. By implementing appropriate policies and programs, governments and businesses can work towards creating a more inclusive and sustainable economy.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer?
Question Description
Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer?.
Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which type of unemployment is characterized by a scarcity of land, capital, or skill in the economy, causing a structural disequilibrium in the labor sector?a)Open unemployment.b)Seasonal unemployment.c)Disguised unemployment.d)Structural unemployment.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup