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UNEMPLOYMENT — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsUNEMPLOYMENT2 Marks
Question
Explain frictional unemployment with an example.
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Answer

Frictional unemployment occurs when a worker is in between jobs or looking for a new one due to changes in technology or market conditions.
Example: When people shift from using simple mobile phones to smartphones, workers in old phone factories lose jobs until they gain skills for the new technology.

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