wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Explain the term unemployment.

Open in App
Solution

When people do not have any work and they are actively searching for the work then they are said as unemployed.
During the period of recession, the economy generally faces the high rate of unemployment rate.

flag
Suggest Corrections
thumbs-up
12
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Economic Ruin & the Great Depression
HISTORY
Watch in App
Join BYJU'S Learning Program
CrossIcon