ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When individuals are unemployed due to a change in season, e.g. Santa Claus after christmas.
A
Seasonal Unemployment
B
Frictional Unemployment
C
Structural Unemployment
D
Cyclical Unemployment
Explanation: 

Detailed explanation-1: -Seasonal unemployment is the situation where workers are unemployed during certain times of the year as a result of decreasing demand. As seasons change and demand fluctuates, certain jobs return. Seasonal unemployment often doesn’t last, as the peak season often means many workers become employed once again.

Detailed explanation-2: -Seasonal unemployment occurs when people are unemployed at particular times of the year when demand for labour is lower than usual. Seasonal unemployment refers to a temporary window of time where the number of available employment opportunities decreases.

Detailed explanation-3: -Example #1 Farmers working for the yield of these crops would be seasonally unemployed during the other time of the year. That means, when there is an off-season for one crop, the farmers are unemployed as they do not get to work on the field for any other purpose.

Detailed explanation-4: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.

There is 1 question to complete.