Unemployment and its types
Chapter 3: Chapter 3 · ECONOMICS · EN medium
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Unemployment is problem faced when there are people, who are willing to work and able to work but cannot find suitable jobs. While formulating policies to solve the problem of unemployment in India for instance, we need to distinguish between the nature of unemployment in rural areas and in urban areas in India. India’s rural economy has both unemployment and underemployment. The major feature of rural unemployment is the existence of unemployment in the form of disguised unemployment and seasonal unemployment. In India, frictional, structural and open unemployment exist
📖 Class 12 Economics English Medium 2024 Edition www.tntextbooks.in · Page 44
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Unemployment is problem faced when there are people, who are willing to work and able to work but cannot find suitable jobs. While formulating policies to solve the problem of unemployment in India for instance, we need to distinguish between the nature of unemployment in rural areas and in urban areas in India. India’s rural economy has both unemployment and underemployment. The major feature of rural unemployment is the existence of unemployment in the form of disguised unemployment and seasonal unemployment.
In India, frictional, structural and open unemployment exist
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