Disguised unemployment generally means
[UPSC Civil Services Exam – 2013 Prelims]
(a) large number of people remain unemployed
(b) alternative employment is not available
(c) marginal productivity of labour is zero
(d) productivity of workers is low
- Disguised Unemployment:
- It is a phenomenon wherein more people are employed than actually needed.
- It is primarily traced in the agricultural and the unorganised sectors of India.
- The marginal productivity of labour is zero.
- Hence the correct option is 3.
- Seasonal Unemployment – It is unemployment that occurs during certain seasons of the year.
- Structural Unemployment – It is a category of unemployment arising from the mismatch between the jobs available in the market and the skills of the available workers in the market.
- Cyclical Unemployment – It is the result of the business cycle, where unemployment rises during recessions and declines with economic growth.
- Technological Unemployment – It is the loss of jobs due to changes in technology.
- Frictional Unemployment – Frictional Unemployment also called Search Unemployment, refers to the time lag between the jobs when an individual is searching for a new job or is switching between the jobs.