Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsUNEMPLOYMENT2 Marks
Question
Explain meaning of Full Unemployment.
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Answer
"The person is willing to work at the existing wage rate, and he is capable but he is unable to get job then such type of unemployment is called full unemployment."
Features of Full Unemployment:
$(1)$ The supply of labour increases fast and the process of urbanization is also fast, than high rate of unemployment can be seen.
$(2)$ This type unemployment is seen more in cities than in villages.
$(3)$ People suffering from such full unemployment are educated or less trained/ skill persons.
$(4)$ People with open unemployment cannot work and cannot get work, but such people consume goods so it is burdensome.
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