Unemployment is defined as the stage where potent individuals cannot find an accurately paid job. On the basic consideration, unemployment is categorised in two parts:
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Disguised unemployment
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Seasonal unemployment
Disguised unemployment |
Seasonal unemployment |
This type of employment represents the employed individuals but not the full-time employment |
In this situation, individuals cannot find employment for a certain period or duration |
In this type of employment, employees do not add any productivity despite having the job |
No job hence no productivity |
Example: The best example of disguised unemployment is, in a certain job requiring two individuals and four are appointed, the two employees are disguised |
Example: Agricultural labourers find the job only during harvesting and crop seasons |