Question
Write difference between unemployment in development and developing countries
| No. | Point of Difference | Unemployment in developed countries | Unemployment in developing countries |
| $1$ | Type of Unemployement. | In developed countries cyclical and frictional unemployment are usually found. | In developing countries often under and disguised unemployment are found. |
| $2$ | Duration/Period. | The unemployment in developed countries is for short period. | In developing countries unemployment is usually for longer period. |
| $3$ | Reason. | The unemployment in developed countries is due to lack of effective demand. | In developing countries unemployment is due to structural defects. |
| $4$ | Solution. | In developed countries unemployment is solved by access aggregate demand. | The problem of unemployment in developing country is monetary if social and political things can be changed problem can be solved. |
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