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 The unemployment which is caused by the introduction of new machinery, improvement of production techniques, labour saving devices etc. is called :
  • a)
    Frictional unemployment
  • b)
    Casual unemployment
  • c)
    Structural unemployment
  • d)
    Technological unemployment
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The unemployment which is caused by the introduction of new machinery,...
Technological unemployment means it the unemployment which is caused due to introduction of new n advanced machinery n techniques of production by which they can produce more by less materials n less time this is also know as capital intensive method, whereas labour intensive method take a much time n output is also less ,thus due to this modern n technological method affects there were many people who lost their jobs which lead to a huge rise in unemployment in the modern economy. Thus it is know as technological unemployment.
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The unemployment which is caused by the introduction of new machinery, improvement of production techniques, labour saving devices etc. is called :a)Frictional unemploymentb)Casual unemploymentc)Structural unemploymentd)Technological unemploymentCorrect answer is option 'D'. Can you explain this answer?
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