ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Seasonal Unemployment
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Cyclical Unemployment
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Frictional Unemployment
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Structural Unemployment
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Detailed explanation-1: -There are several common triggers that cause structural unemployment. One of the primary causes of structural unemployment is technological changes. As industries move from one process to another and harness technological capabilities, many jobs and roles become obsolete.
Detailed explanation-2: -Seasonal unemployment is one of the many types of unemployment. Seasonal unemployment is the unemployment created from seasonal variations in demand for goods and services.
Detailed explanation-3: -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.
Detailed explanation-4: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.