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Problem of Unemployment in India — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsProblem of Unemployment in India2 Marks
Question
Define open unemployment.
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Answer

  • Persons (above a certain age) who are able and willing to work or seeking work but are not engaged in any economic activity due to lack of complementary resources.
    OR
  • Open unemployment refers to a situation where a large labour force does not get employment opportunities that may yield regular income.

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