Q.3A) Distinguish between the following.1. Voluntary unemployment and

1.	Q.3A) Distinguish between the following.1. Voluntary unemployment and involuntary unem-ployment.
Answer» Voluntary Unemployment - Voluntary unemployment refers to a situation where a person who is able to work remains unemployed due to his/her own willingness. Under this situation, the person remains unemployed despite jobs being available in the market. Involuntary Unemployment - Involuntary unemployment refers to a situation where a person who is willing and is able to work does not get work at the existing wage rate. Under this situation, the person remains is unemployed due to non-availability of jobs in the market

Q.3A) Distinguish between the following.1. Voluntary unemployment and involuntary unem-ployment.

Answer»

Voluntary Unemployment - Voluntary unemployment refers to a situation where a person who is able to work remains unemployed due to his/her own willingness. Under this situation, the person remains unemployed despite jobs being available in the market.

Involuntary Unemployment - Involuntary unemployment refers to a situation where a person who is willing and is able to work does not get work at the existing wage rate. Under this situation, the person remains is unemployed due to non-availability of jobs in the market

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