Question

    Which one of the following best explains the term

    ‘Structural Unemployment’?
    A Wherein more people are employed than actually needed. Correct Answer Incorrect Answer
    B Mismatch between the jobs available in the market and the skills of the available workers in the market. Correct Answer Incorrect Answer
    C It is a result of the business cycle, where unemployment rises during recessions and declines with economic growth. Correct Answer Incorrect Answer
    D Time lag between jobs when an individual is searching for a new job or is switching between jobs. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Types of Unemployment in India -: Disguised Unemployment: It is a phenomenon wherein more people are employed than actually needed. It is primarily traced in the agricultural and unorganised sectors of India. Seasonal Unemployment: It is unemployment that occurs during certain seasons of the year. Agricultural labourers in India rarely have worked throughout the year. Structural Unemployment: It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market. Frictional Unemployment: It also called Search Unemployment, refers to the time lag between the jobs when an individual is searching for a new job or is switching between the jobs.

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