ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Structural unemployment is a long-lasting condition that is caused by fundamental changes in the economy.

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: -Fundamental changes in the economy and labor markets, such as evolving technology, government policies, and competition, can create structural unemployment. This means that while jobs are available, the people who could fill those roles either don’t have the right skills for them or aren’t in the right location.

Detailed explanation-4: -Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap).

Detailed explanation-5: -Structural unemployment is a form of unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded in workers by employers (also known as the skills gap).