Economics
Distinguish between open unemployment and disguised unemployment.
Econ Sectors Ind
4 Likes
Answer
| Open unemployment | Disguised unemployment |
|---|---|
| Open unemployment refers to a situation where individuals who are willing and able to work are actively seeking employment but cannot find suitable jobs. | Disguised unemployment occurs when more people are engaged in a task or occupation than are genuinely required for efficient productivity. |
| It is visible and acknowledged by society. | Not visible to society. |
| It is often associated with urban areas and industrial economies. | Often related to subsistence farming or small-scale enterprises. |
Answered By
2 Likes
Related Questions
How is the tertiary sector different from other sectors? Illustrate with a few examples.
What do you understand by disguised unemployment? Explain with an example each from the urban and rural areas.
“Tertiary sector is not playing any significant role in the development of Indian economy.” Do you agree? Give reasons in support of your answer.
Service sector in India employs two different kinds of people. Who are these?