Unemployment refers to the situation in which an individual who is able and willing to work at an existing wage rate does not get work. High unemployment leads to the following economic and social consequences. Economic Consequences of Unemployment Underutilisation of human capital: The presence of a large number of unemployed individuals in a country implies […]
Unemployment refers to the situation in which an individual who is able and willing to work at an existing wage rate does not get work. Rural unemployment can be divided into two categories — Disguised unemployment and Seasonal unemployment. In this post, we will talk about Disguised Unemployment. Disguised Unemployment Disguised Unemployment Meaning An entire
Unemployment refers to the situation in which an individual who is able and willing to work at an existing wage rate does not get work. Unemployment in India can broadly be classified into two categories- Rural unemployment and Urban unemployment. Rural Unemployment The majority of the rural population in India is dependent on agriculture and
Unemployment refers to a situation when all able and willing persons of a country do not get suitable opportunities to work. Various types of unemployment are prevailing in the world. After going through this post, you will be able to understand Seasonal unemployment. Seasonal Unemployment Definition Because of the absence of proper irrigation facilities and
Unemployment refers to a situation when all able and willing persons of a country do not get suitable opportunities to work. In this post, we have added the 4 most important Types of Unemployment. 4 Types of Unemployment Various types of unemployment are prevailing in the world. Of these, the most important types of unemployment
Unemployment refers to the situation in which an individual who is able and willing to work at an existing wage rate does not get work. There are two types of Unemployment in India – rural unemployment and urban unemployment. Types of Unemployment in India Types of Unemployment in India #1 Rural Unemployment The majority of
Informalisation of workforce refers to the situation wherein there is a continuous decline in the percentage of the workforce in the formal sector and a simultaneous rise in the percentage of the workforce in the informal sector. Workforce can also be divided into individuals working in the informal sector and individuals working in the formal
Casualisation of Workforce: We know that workers can be divided into two broad categories: casual workers and hired workers. Over the years, there has been a continuous rise in the number of casual workers in India. At the same time, there has been a fall in the number of self-employed and regular-salaried workers. In other
Occupational Structure: All economic activities in a country can be divided into three broad sectors—the primary sector, the secondary sector, and the tertiary sector. The primary sector includes agriculture and allied activities, fisheries, and forestry. The secondary sector includes various manufacturing activities. The tertiary sector comprises various services such as transport, banking, and insurance. Occupational
Workers and Types of Workers: Any person who is involved in a productive activity that contributes to the flow of goods and services in an economy is called a worker. In other words, a worker is an economic agent who contributes to the production of goods and services and, thereby, to the GDP during a