1
Question
Match the pair
Group 'A'
Group 'B'
1. Disguised unemployment
a) temporary unemployment
2. Frictional unemployment
b) Increase employment
3. Labour intensive method
c) zero marginal productivity
4. E.G.S
d) Full employment
5. Technological unemployment
e) under utlisation labour
f) Maharashtra
g) computers
| Group 'A' | Group 'B' |
| 1. Disguised unemployment | a) temporary unemployment |
| 2. Frictional unemployment | b) Increase employment |
| 3. Labour intensive method | c) zero marginal productivity |
| 4. E.G.S | d) Full employment |
| 5. Technological unemployment | e) under utlisation labour |
| f) Maharashtra | |
| g) computers |
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Solution
1. Disguised unemployment - zero marginal productivity
Explanation-
Disguised unemployment is a situation where there too many people employed in an activity, such that even if you remove a few of them, the productivity remains the same. This implies that the marginal product of labour is zero as the output remains unchanged with an addition to the factor input i.e. labour.
2. Frictional unemployment - Temporary unemployment
Explanation-
Frictional unemployment refers to the type of unemployment that occurs when the people are in the middle of transiting between jobs, searching for new ones or are unemployed due to failure of machinery, etc. As these types of situations are temporary in nature, we say that frictional unemployment is temporary.
3. Labour intensive method - Increase employment
Explanation-
The use of labour intensive methods results in an increase in employment. This is because labour intensive methods refer to those methods of work and production, which requires a higher amount of labour inputs rather than capital inputs. Thus, the usage of such methods leads to an increase in employment.
4.E.G.S - Maharashtra
Explanation-
Employment Guarantee Scheme (EGS) was launched by the Maharashtra government in the year 1972-73. The basis of this scheme was ‘right to work’ and it was restricted to unskilled labourers above 18 age.
5. Technological unemployment - Computers
Explanation-
Technological unemployment is the one that emerges from the constant changes in the techniques of production such as use of computers, robotic technology, etc. This change in technology logically results in the displacement of labour that are not familiar with the updated technology, and thereby contributes to unemployment.
Explanation-
Disguised unemployment is a situation where there too many people employed in an activity, such that even if you remove a few of them, the productivity remains the same. This implies that the marginal product of labour is zero as the output remains unchanged with an addition to the factor input i.e. labour.
2. Frictional unemployment - Temporary unemployment
Explanation-
Frictional unemployment refers to the type of unemployment that occurs when the people are in the middle of transiting between jobs, searching for new ones or are unemployed due to failure of machinery, etc. As these types of situations are temporary in nature, we say that frictional unemployment is temporary.
3. Labour intensive method - Increase employment
Explanation-
The use of labour intensive methods results in an increase in employment. This is because labour intensive methods refer to those methods of work and production, which requires a higher amount of labour inputs rather than capital inputs. Thus, the usage of such methods leads to an increase in employment.
4.E.G.S - Maharashtra
Explanation-
Employment Guarantee Scheme (EGS) was launched by the Maharashtra government in the year 1972-73. The basis of this scheme was ‘right to work’ and it was restricted to unskilled labourers above 18 age.
5. Technological unemployment - Computers
Explanation-
Technological unemployment is the one that emerges from the constant changes in the techniques of production such as use of computers, robotic technology, etc. This change in technology logically results in the displacement of labour that are not familiar with the updated technology, and thereby contributes to unemployment.
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