How will you explain the term unemployment?
Points to remember
- When people want to work but cannot find work at the current wages is called unemployment .
- Unemployment is in rural and urban areas.
- Rural areas - Seasonal and Disguised Unemployment .
- Urban Areas - Educated Unemployment .
Answer to be written
- Unemployment exists when people who are willing to work at the going wages cannot find jobs .
- In India, unemployment is in rural and urban areas but differs in nature.
- In rural areas, there is seasonal and disguised unemployment .
- Urban areas mostly have educated unemployment .