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Explain the concept of cyclic & …

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Explain the concept of cyclic & structural unemployment

    • Posted by Gaurav Singh Gaur 4 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 4 years, 11 months ago

    1. Structural Unemployment: This unemployment arises when there is a mismatch between the worker’s skills and availability of jobs in the market. Many people in India do not get job matching to their skills or due to lack of required skills they do not get jobs and because of poor education level, it becomes important to provide them related training. 
    2. Cyclical Unemployment: unemployment caused due to the business cycle, where the number of unemployed heads rises during recessions and declines with the growth of the economy. Cyclical unemployment figures in India are negligible. 

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