ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Seasonal Unemployment
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Structural Unemployment
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Frictional Unemployment
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Cyclical Unemployment
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Detailed explanation-1: -Seasonal unemployment is the unemployment that occurs during a certain season of the year. Unemployment of the farmers during non-crop season is an example of seasonal unemployment.
Detailed explanation-2: -Structural unemployment is a type of unemployment that can last for many years and can be caused by changes in technology or shifting demographics. Cyclical unemployment is caused by economic downturns or is related to changes in business conditions that affect the demand for workers.
Detailed explanation-3: -Seasonal: Every season, certain jobs are still going to be needed. Cyclical: You’ll have cycles where there’s more unemployment and cycles where there aren’t. Structural: Shifts in the economy. Sometimes you’ll need more workers, sometimes you’ll need fewer workers.
Detailed explanation-4: -A) Seasonal unemployment are those unemployment which occurs seasonally or any seasonal conditions. B) Structural unemployment are those unemployment in which, a person doing job in a company .
Detailed explanation-5: -Seasonal Unemployment or Cyclical Unemployment name is derived from the frequent ups and downs in the business cycle. When the business cycle is down, fewer workers are needed, due to reduced production, this is due to reduced demand for goods and services.