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Economics

Distinguish between open unemployment and disguised unemployment.

Econ Sectors Ind

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Open unemploymentDisguised 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.

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