Question

The unemployment generated due to change in market conditions (change in demand and supply conditions) is called as?

A Open Unemployment Correct Answer Incorrect Answer
B Under Unemployment Correct Answer Incorrect Answer
C Frictional Unemployment Correct Answer Incorrect Answer
D Disguised unemployment Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Open Unemployment a situation where a large section of the labour force does not get a job that may yield them regular income. Underemployment is a situation in which a worker is employed, but his or her work hours and/or wages have been reduced other than at the worker's request Disguised unemployment exists where part of the labor force is either left without work or is working in a redundant manner where worker productivity is essentially zero

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