Define Structural Unemployment, Disguised Unemployment and Seasonal Unemployment?
Solution:
- Structural Unemployment: Structural unemployment is long-term and chronic unemployment arises from imbalance between the skills and other uniqueness of workers in the market and the needs of employers.
- Disguised Unemployment: The term disguised unemployment refers to the mass unemployment and underemployment which overcome in the agricultural sector of an underdeveloped and overpopulated country.
- Seasonal Unemployment: Seasonal unemployment occur when a individual remain unemployed only during particular period during the year, it happens mostly when people are engaged in agriculture,When the field work and cultivation is complete they become jobless until the next season.