Answer» Correct Answer - Option 2 : Disguised unemployment
The correct answer is Disguised unemployment. - Disguised unemployment is found in the agricultural sector of India.
- Disguised unemployment is also known as hidden unemployment.
- In this type of unemployment, some people seem employed but they are actually not.
- Voluntary unemployment
- It is a situation when a person is unemployed because of not being able to find employment of his/her own choice.
- Frictional unemployment
- It is the result of voluntary employment transitions within an economy.
- Workers choosing to leave their jobs in search of new ones and workers entering the workforce for the first time constitute frictional unemployment.
- Structural unemployment
- Farmers in emerging market economies are another example of structural unemployment.
- Free trade allowed global food corporations access to their markets.
- That put small-scale farmers out of business. They couldn't compete with the lower prices of global firms.
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