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| 1. |
Explain the various types of unemployment in India? |
| Answer» Unemployment\xa0is defined as to exist that peoples who are willing to do work at the going wages can\'t find jobs.The 3 main categories of unemployment are1. Structural unemployment:\xa0This kind of unemployment happens when the demand for a special type of worker is not available. This happens due to the difference between the skills an employer is taking for, and the skills workers actually have.2. Frictional unemployment:\xa0This kind of unemployment arises when workers left their job and search for another one. The time gap between this mentioned as frictional unemployment. Example – quitting or termination.3. Cyclical unemployment:\xa0This kind of unemployment appears when there is a regress and many people lose their posts. When the economy goes up and down, based on these cycles, people became unemployed. That is why this is called cyclical unemployment. | |