ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Someone wants a job but can’t find work
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Someone is able and willing to work but can’t find a job
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Someone is able to work but does not have employment
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Work provided is not sufficient to meet the needs of workers
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Detailed explanation-1: -Unemployment is a regularly used term and normally refers to those who are ‘out of work’. In strictly economic terms, the unemployed include all those who are able and willing to work but cannot find work.
Detailed explanation-2: -Unemployment, also referred to as joblessness, occurs when people are without work and are actively seeking employment.
Detailed explanation-3: -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-4: -What is Voluntary Unemployment. Definition: It is a situation when a person is unemployed not due to unavailability of jobs in the economy, but because of not being able to find employment of his/her own choice.
Detailed explanation-5: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.