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Forms of Unemployment - Human Resources and Economic Development, Indian Economy Video Lecture | Indian Economy - B Com
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| 1. What are the different forms of unemployment in the Indian economy? |  |
Ans. The different forms of unemployment in the Indian economy include structural unemployment, frictional unemployment, cyclical unemployment, seasonal unemployment, and disguised unemployment.
| 2. What is structural unemployment? | |
Ans. Structural unemployment refers to the unemployment caused by a mismatch between the skills and qualifications of job seekers and the available job openings. It occurs when there is a long-term decline in demand for certain types of jobs or industries, leading to a persistent unemployment problem.
| 3. What is frictional unemployment? | |
Ans. Frictional unemployment is a temporary form of unemployment that occurs when individuals are in the process of transitioning from one job to another. It is a natural part of the job search process and can be seen as a positive sign of a dynamic labor market.
| 4. What is cyclical unemployment? | |
Ans. Cyclical unemployment is a type of unemployment that occurs due to fluctuations in the business cycle. It is caused by a decline in aggregate demand during economic downturns, leading to a decrease in the demand for labor and resulting in job losses.
| 5. What is disguised unemployment? | |
Ans. Disguised unemployment refers to a situation where individuals are employed but their contribution to the production process is minimal or redundant. It often occurs in the agricultural sector, where there is an excess supply of labor, and individuals may be engaged in unproductive or low-productivity activities.
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Oct 25, 2024 Last updated |
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