Economy Chapters

1. Economy and Economics2. Characteristics of Indian Economy3. Agriculture and Land Development4. National Income5. Planning6. Unemployment7. Trade and Commerce8. New Economic Policy9. Indian Financial System10. Indian Fiscal System11. Banking in India12. Tax System13. Industry14. Foreign Trade15. Glossary of Economic and Financial Terms16. Some Noteworthy Facts17. Socio Economic and Caste Census 2011

Unemployment

A situation where people who are willing and able to work cannot find jobs.

Definition

Unemployment refers to the condition when individuals who are capable and actively seeking work remain without a job.

Types of Unemployment

  • Frictional Unemployment: Temporary unemployment during job transitions.
  • Structural Unemployment: Mismatch between skills and job requirements.
  • Cyclical Unemployment: Caused by economic downturns or recessions.
  • Seasonal Unemployment: Jobs available only during certain seasons.
  • Disguised Unemployment: More workers employed than necessary without added output.

Causes of Unemployment

  • Economic recession and slowdown.
  • Lack of industrial growth.
  • Rapid population growth.
  • Technological changes leading to job losses.
  • Inadequate education and skill mismatch.
  • Seasonal nature of certain jobs.

Effects of Unemployment

  • Loss of income and poverty.
  • Reduced economic growth.
  • Social unrest and increased crime rates.
  • Waste of human resources.
  • Lower standard of living.

Previous Year Questions

  • SSC CGL 2020: What is frictional unemployment?
  • Temporary unemployment during job transitions.
  • HSSC 2021: Name the type of unemployment caused by economic recessions.
  • Cyclical Unemployment.
  • RRB JE 2019: What is disguised unemployment?
  • More workers employed than necessary without additional output.
  • SSC CHSL 2021: Mention one cause of unemployment in India.
  • Rapid population growth.
  • HSSC 2020: What is seasonal unemployment?
  • Unemployment due to jobs available only during certain seasons.
  • SSC MTS 2020: How does unemployment affect economic growth?
  • It reduces economic growth by wasting human resources.
  • RRB NTPC 2021: What role does education play in unemployment?
  • Inadequate education leads to skill mismatch and unemployment.
  • SSC GD 2019: Define structural unemployment.
  • Unemployment caused by mismatch between skills and job requirements.
  • HSSC 2019: What is the social impact of unemployment?
  • It causes social unrest and increased crime rates.
  • SSC CGL 2021: Mention one effect of unemployment on individuals.
  • Loss of income and poverty.
  • RRB JE 2020: What is cyclical unemployment?
  • Unemployment caused by economic downturns.
  • SSC MTS 2019: Name a sector highly affected by seasonal unemployment.
  • Agriculture.
  • HSSC 2021: How does technological change affect unemployment?
  • It can cause job losses due to automation.
  • SSC CHSL 2020: What is the main feature of frictional unemployment?
  • Temporary nature during job search.
  • RRB NTPC 2019: How can unemployment be reduced?
  • Through skill development and industrial growth.
  • SSC GD 2021: What type of unemployment is caused by seasonal fluctuations?
  • Seasonal unemployment.
  • HSSC 2020: Which type of unemployment is considered the most serious?
  • Structural unemployment.
  • SSC CGL 2019: What is the economic consequence of unemployment on the country?
  • Loss of productivity and economic growth.
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