Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsUNEMPLOYMENT2 Marks
Question
Explain frictional unemployment with example.
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Answer
During the production process, changes in demand change of production technology, or new goods, enter in the market and unemployment arises, then this unemployment is called frictional unemployment.
Example: When smart phone replaced old mobile phones, then the labourers engaged in production, sale and service of old mobile phones becomes unemployed.
This is called frictional unemployment.
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