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Explain the following in short: 1. Seasonal unemployment 2. Frictional unemployment 3. Educated unemployment |
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Answer» Seasonal Unemployment: 1. This type of unemployment occurs during certain seasons of the year. 2. In agriculture and agro based industries like sugar,production activities are carried out only in some seasons. 3. These industries offer employment only during that season in a year. Therefore people may remain unemployed during the off season. 4. Seasonal unemployment happens from demand side also; for example ice cream industry, holiday resorts etc. Frictional Unemployment (Temporary Unemployment): 1. Frictional unemployment arises due to imbalance between supply of labour and demand for labour. 2. This is because of immobility of labour, lack of necessary skills, break down of machinery, shortage of raw materials etc. 3. The persons who lose jobs and in search of jobs are also included under frictional unemployment. Educated Unemployment: 1. Sometimes educated people are underemployed or unemployed when qualification does not match the job. 2. Faulty education system, lack of employable skills, mass student turnout and preference for white collar jobs are highly responsible for educated unemployment in India. |
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