Unemployment : It's types and causes

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Unemployment :-

It is a situation where a person is able and willing to do work but do not get work at the existing wage rate.

Types of Unemployment :-

1- Disguised Unemployment
2- Seasonal Unemployment
3- Open Unemployment

1- Disguised Unemployment :-

It refers to a state in which more people are engaged in work than its really need.

2- Seasonal Unemployment :-

The Unemployment occurs at certain seasons of the year is known as seasonal unemployment.

3- Open Unemployment :-

It refers to that economic phenomenon in which person are able and willing to work at the prevailing wage rate but fail to get work.

Causes of Unemployment :-

1- Population Explosion
2- Slow rate of Economic Growth
3- Slow growth of Industries
4- Defective Educational System
5- Lack of Proper Planning.



Comments

  1. Unknown4 January 2021 at 06:18

    This comment has been removed by a blog administrator.

    ReplyDelete
    Replies
    1. Unknown4 January 2021 at 23:52

      Sorry your comment was deleted by mistake but I know your question

      Your question is How to measure unemployment rate?

      Ans- Formula for unemployment rate is

      Unemployment rate = No. Of unemployed persons/ ( No. of employed persons + no. of unemployed persons)

      Delete

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