BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Occurs when workers who want to work are unable to find jobs, which lowers economic output; however, they still require subsistence.
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Employment that goes under the radar.
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The condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs inadequate with respect to their training or economic needs
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Employment that does not show up in the employment figures.
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Detailed explanation-1: -Underemployment occurs when a person does not work full time or takes a job that does not reflect their actual training and financial needs. That is, their job doesn’t use all their skills and education, or provides less than full time work.
Detailed explanation-2: -Underemployment is the term used to designate the situation of those who are able to find employment only for shorter than normal periods-part-time workers, seasonal workers, or day or casual workers.
Detailed explanation-3: -Unemployment is a situation in which people are willing to work and capable to work, but still, they are not getting work. Underemployment, on the other hand, is a situation in which an individual is working much below his potential.
Detailed explanation-4: -Underemployment may be defined as “a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work”. Open underemployment is a situation wherein a large section of the labour force does not get a job that may yield them regular income.
Detailed explanation-5: -Underemployment is a condition in which workers are employed in less than full-time or regular jobs or insufficient jobs for their training or economic needs. Also, underemployment is a worker’s underuse because a job does not use the skills of the worker, i.e. part-time, or leaves the worker idle.