What is the difference between under employment and disguised unemploy...
Underemployment:
Underemployment refers to a situation where an individual is employed but not in the desired job or working fewer hours than they would like to. It is also defined as a situation where an individual is working in a job that does not match their skills and qualifications. Underemployment is a common phenomenon in developing countries where the job market is not well-developed, and there is a lack of suitable employment opportunities.
Disguised Unemployment:
Disguised unemployment, on the other hand, refers to a situation where an individual is employed but their contribution to the economy is negligible or zero. It is a situation where a person is employed but not productively engaged in any economic activity. Disguised unemployment is also known as hidden unemployment because it is not reflected in the official unemployment statistics.
Differences between Underemployment and Disguised Unemployment:
1. Nature of employment: Underemployment is a situation where an individual is employed but not in their desired job or working fewer hours than they would like to. Disguised unemployment, on the other hand, refers to a situation where an individual is employed but not productively engaged in any economic activity.
2. Level of productivity: Underemployed individuals still contribute to the economy to some extent, while disguised unemployment individuals do not contribute at all.
3. Reflected in official statistics: Underemployment is reflected in the official unemployment statistics, while disguised unemployment is not reflected in the official statistics.
4. Occurrence: Underemployment is common in developing countries where the job market is not well-developed, while disguised unemployment is common in both developing and developed countries.
Conclusion:
In conclusion, underemployment and disguised unemployment are two different concepts. Underemployment refers to a situation where an individual is employed but not in their desired job or working fewer hours than they would like to. Disguised unemployment, on the other hand, refers to a situation where an individual is employed but not productively engaged in any economic activity. While underemployment is reflected in the official unemployment statistics, disguised unemployment is not reflected in the official statistics.
What is the difference between under employment and disguised unemploy...
UNDER EMPLOYMENT the condition in which people in a labour force are employed at less then full time or require regular job or at job inadequte with respect to training or economic need. part-time Engeniar is underemployed an MBA working as a clerk is underemployed DISGUISED UNEMPLOYMENT disguised unemployment existed when part of the labour force is either left without work or working in a redundent manner, where worker productivity is zero and does not contribute to output . ..............according to economists 30% in farm sector is in disguised unemployment.
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.