Unemployment: Meaning, Types, Causes and Consequences
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A situation where more people are engaged than required is calledMarks:1
Explanation:Disguised unemployment refers to a situation in which number of workers engaged in a job is much more than actually required and if some of them are withdrawn, total production is not affected. e.g., 6 persons are employed on a field. If 2 persons are withdrawn, total production remains unchanged. 2 persons will constitute disguised unemployment. It is widely prevelant in agricultural sector.
A situation when the country’s labour force does not get opportunities for gainful employment is termed asMarks:1
Explanation:Open unemployment refers to a situation in which a person, who is able and willing to work, does not get an opportunity to work at a prevailing wage rate. For example, there are 50 persons willing to work at existing wage rates but only 30 persons are employed. Remaining 20 people fall in the category of open unemployment.
Economists argue that over the years the quality of employment has beenMarks:1
Explanation:Some of the indicators to judge quality of employment in any country are: i) level of wages received by workers, ii) proportion of workers engaged in self employment, regular salaried employees and casual labour, iii) number of days during the year for which casual labourers were employed, iv) distribution of work opportunities among primary, secondary and tertiary activities etc.
A major source of livelihood for both men and women in India isMarks:1
Explanation:Self employment accounts for more than 50% of the workforce in India.
A situation in which the introduction of new technology causes displacement of workers is calledMarks:1
Explanation:Technological unemployment results from the application of new technology due to which people might loose jobs or unemployment takes place.