1.

Explain the distinction between voluntary & involuntary unemployment. 

Answer»
Voluntary UnemploymentInvoluntary Unemployment
It is a situation where those who are not willing to do work although suitable work is available to them i.e. they are unemployed of their own will.It is a situation where people are eligible & willing to work but fail to find work.
These people are not included in the work force of the country. These people are not considered as unemployed in EconomicsThese people are included in the work force of the country. These people are considered as unemployed in Economics
Example: House wivesExample: Person having engineering & still unemployed


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