BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The number of people who voluntarily choose not to work.
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The number of people who are jobless and are actively seeking work.
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The number of people who are not actively seeking work
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The number of people actively seeking work who find work
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Detailed explanation-1: -A situation in which the skills of the employed people are not fully utilised for the production of goods and services is known as unemployment.
Detailed explanation-2: -The unemployment rate measures the share of workers in the labor force who do not currently have a job but are actively looking for work. People who have not looked for work in the past four weeks are not included in this measure.
Detailed explanation-3: -Disguised unemployment is a situation in which more labourers are engaged in a work than what are actually required. The excess workers are considered to be under disguised unemployment.
Detailed explanation-4: -Disguised unemployment is unemployment that does not affect aggregate economic output. It occurs when productivity is low and too many workers are filling too few jobs. It can refer to any part of the population that is not employed at full capacity.