📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A person who is made redundant because of the

      contraction of an industry is a victim of?
      A Structural unemployment Correct Answer Incorrect Answer
      B Classical unemployment Correct Answer Incorrect Answer
      C Demand-deficient unemployment Correct Answer Incorrect Answer
      D Frictional unemployment Correct Answer Incorrect Answer
      E Disguised unemployment Correct Answer Incorrect Answer

      Solution

      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. Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.

      Practice Next
      More Research Questions
      ask-question