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Define cyclic emplyment

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Define cyclic emplyment

Posted by Lucky Tanwar 5 years, 4 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 4 months ago

Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle. If an economy is doing good, cyclical unemployment will be at its lowest, and will be the highest if the economy growth starts to falter.

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CBSE > Class 10 > Social Science