voluantry and involuantry unemployment
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Yogita Ingle 4 years, 8 months ago
Voluntary Unemployment - Voluntary unemployment refers to a situation where a person who is able to work remains unemployed due to his/her own willingness. Under this situation, the person remains unemployed despite jobs being available in the market.
Involuntary Unemployment - Involuntary unemployment refers to a situation where a person who is willing and is able to work does not get work at the existing wage rate. Under this situation, the person remains is unemployed due to non-availability of jobs in the market.
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