Meaning & Types of Unemployment - Problem of Growth, Business Environment Video Lecture | Business Environment - B Com

so first and foremost meaning and types
of unemployment what do we mean by the
term unemployment unemployment means any
person who is able and willing to work
it's not able to get a job according to
his abilities he is able and willing he
is able of working and he is willing to
work also but he does not have a job
opportunity according to his ability by
if a person has the ability of working
of having an income or getting paid of
fifty thousand and he expects a lakh of
rupees and he's not considering his
ability you are able to get a job
according to your ability if you are not
getting that then that is a situation of
unemployment now there are many types
first and foremost voluntary
unemployment voluntary as the word
suggests it is out of your willingness
you are unemployed when a person is not
willing to work he is said to be
voluntary unemployed there may be many
reasons he already has a source of
income he must be having many properties
and renters coming and so his daily
expenditures and his expenditures are
met so he does not feel the need to be
employed so that kind of employment is
voluntary unemployment now it does not
have much impact on the economy adverse
impact on the economy because that man
is having as income he is not employed
but he's having money he's spending he's
contributing in the economic activity so
this kind of unemployment is not a
problem for the country this voluntary
unemployed then you are not willing to
work the next is the frictional
unemployment frictional unemployment is
when there is a time gap between a job
seeker and job provider when there is
some gap between the two sometimes
for some time period they are not able
to get together then that kind of in
unemployment is said to be frictional
unemployment suppose you finish your
course you qualify it and then you look
for a job then spot it may take some
time for you to get a good job so in
that period you may not be working or we
can say that you are unemployed that
kind of unemployment is called as
frictional unemployment or another other
example is when a person leaves a job
and then he is looking for another job
in that time period when he is not
working he can said to be there can be
frictional unemployment it also happens
in the case of flop out when the mills
are not working and people are not
employed then that is a frictional
unemployment then there is casual
unemployment casual unemployment is then
you are in a kind of work which has
which is for a specific period of time
for example laborers who are working in
a construction site when the work gets
over they are unemployed and when
another work will start another
construction site they would go they
would start working again
or for example catering business when
during the seasons of beddings they are
in full force and they are working but
then there is a period where there are
no weddings are taking place and they
are not getting any orders and then it
is said that they are unemployed so that
is a casual unemployment then for some
period they have the work and then again
when the period starts they are gained
from them well it is somewhat similar to
seasonal unemployment but seasonal
unemployment is mostly in the case of
Agriculture where it is dependent on
season for example sugar mills and all
which work in a particular they are run
in winters during December to March they
are in progress so the workers are
working in that mill for this period of
time and they are employed and when it
gets over then again they are unemployed
in such type of seasonal unemployment
what people generally do is that they
acquire skill of working in some
occupation as well so for some period
they are working in the sugar mills and
for the rest of the year they are
employed somewhere else but if a person
is not doing so then that kind of
employment is unemployment is called as
seasonal unemployment when you work for
a particular season that is mostly
prevalent in case of Agriculture and
since our is an agriculture-based
economy so this kind of unemployment is
quite general the second is the
structural unemployment this kind of
employed unemployment is when there is
the change in the structure of the
economy when there is a change in the
structure of the economy then structural
unemployment occurs this is when there
is then the change in the structure
means when there is a mismatch between
the skill that is available and the
skill that is required then such type of
unemployment occurs for example when the
revolution of computers came then it was
that there were teachers were there in
large quantity trained teachers were
there in abundance but the number of
computer operators was less so there
were a lot of job opportunities for
computer operators whereas the
opportunities for teachers was less less
so this was that was the situation when
they were structural unemployment in the
economy the economy wanted some other
kind of skill and whereas the skill that
was available was different so it takes
some time to adjust another example is
that asked is basically an
agriculture-based economy but now
recently the service sector is also
growing very rapidly so we need more and
more population to be engaged in the
service sector but it will take time for
people to acquire that skill that they
can provide good services in that sector
so that is also a structural
unemployment that is also a change that
is taking place in the society and in
our economy and that kind of
unemployment we are facing so in India
basically this kind of at the moment
structural and
in this prevalent because the structure
of the economy is changing now then
there is technological unemployment when
laborers are replaced by machine
especially like in textile industry
earlier weaving used to be done by hand
room machines by workers then there was
automation and new machines had come up
so then there were people who were
working on those hand looms they got
unemployed and there was more automation
so then because of technological
upgradation unemployment takes place it
is called as technological unemployment
now cyclically unemployment as the
trades as the word itself suggests it's
because of the trade cycles because of
the recession and depression and all
these things when there is unemployment
when there is recession in the economy
the economy is at its low then the
demand comes down that is less of
production production comes down and
people get unemployed and stay and then
when there is the economy's on the rise
then again the demand goes up the
production goes up and people are
employed so when according to the trade
cycles there is unemployment it is
called as cyclically unemployment pain
during recession and all there is
unemployment then chronic unemployment
is when unemployment has stayed there
for a long time when there are no job
opportunities and people have remained
out of job for a long period of time it
is called as chronic unemployment last
and the most important one is the
disguised unemployment which is
prevalent in the farming sector it is
guyst as the word suggests is when you
are disguised in some other form it does
not appear that people are unemployed
but actually they are unemployed because
they are not contributing in production
for example in a farm
ten people are working and 100 kgs of
rice is produced now in the same form we
add two more people
so now twelve people are working and the
production remains the same so we would
say that there try people working on the
but actually the two people that were
added are disguised unemployment they
are not adding anything to the
production for their marginal
productivity is zero in the marginal
productivity of labour or of employed
person is zero it is said that he is not
contributing in production and so he is
disguised ly unemployed because
employment is all about greasing the
productivity activity and if you are not
doing so you are considered as
unemployed so this is this is nice
unemployment and it is mostly in farms
and agriculture sector and in India it
is also like earlier you can say it was
in government sector where there were so
many people working but the productivity
that was there was nearly NIT so these
are the types of unemployment that we
have studied it is voluntary
unemployment now you are not interested
in working like Chanel when there is a
gap between job seeker and job provider
and the time it is adjusted that is
frictional unemployment casually
unemployment is when it is you are
employed for a certain period of time
and then there is a fall and then again
when the type period starts or the
activity starts your game get employed
for example incomes case of catering or
construction industry then there are
seasonal unemployment went according to
season this is specially in the
agriculture sector with sugar mills and
all work for a specific period of time
in winters so people are there working
in them the labor force specially that
are working in them and then after it
gets over they are unemployed then
structural unemployment which is the
kind of unemployment that is prevalent
in India is then there is a mismatch
between the skill that is available and
the skill that is required then they are
technological unemployment where due to
automation
well machines are taking place of labour
then people have become unemployed it is
technological unemployment psyche little
dislike this associated the tree eight
cycles then there is recession or
depression and an economy less demand
less production people are unemployed
that is cyclically unemployment and
chronic unemployment is very
unemployment prevails for a long period
of time and this is unemployment when
your marginal productivity is zero it is
said that you are disguised
unemployed or when you are not
contributing to production now usually
in this chapter questions are asked
based on these types of unemployment
only so I hope you have understood them
and now we take up the quiz so that the
concept becomes clear to you