How will you explain the term unemployment?
Answer:
Unemployment is a condition in which skilled and abled individuals do not get gainful jobs at a decent wage. There is unemployment in both rural and urban areas. Seasonal unemployment occurs in the rural population and educated unemployment occurs in the urban areas.
Classical Unemployment
Cyclical Unemployment
Structural unemployment
Frictional Unemployment
Hidden unemployment
Long Term Unemployment
The organisations that share details on unemployment statistics of India are given below.
Some of the causes of unemployment in India are given below: