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A In case of India, we have unemployment in rural and urban areas. However, the nature of unemployment differs in rural and urban areas. In case of rural areas, there is seasonal and disguised unemployment. Urban areas have mostly educated unemployment. Many youths with matriculation, graduation and post-graduation degrees are not able to find jobs. A study showed that unemployment of graduate and post-graduate has increased faster than among matriculates. Unemployment has detrimental impact on the overall growth of an economy. Increase in unemployment is an indicator of a depressed economy. In case of India, statistically, the unemployment rate is low.
Question (i)
Urban areas have mostly which type of unemployment?
Answer
Urban areas have mostly educated unemployment .
Question (ii)
What is the indicator of a depressed economy?
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