Identify the economic event from the following?
A housewife doing day to day work like cooking, laundry etc
A person doing a work for hobby like gardening, fishing, painting and so on
Work done for charity like providing free services to earthquake victims
Paying advance to employee who met an accident
Only the event in D is an economic event because it effects the financial position of the organisation or a person.
Victor is able to get work only for two hours in a day. Rest of the day, he is looking for work. Is he unemployed? Why? What kind of jobs could persons like Victor be doing?