Question
Differentiate between unemployment in developed countries and unemployment in developing countries.
| Unemployment in developed countries | Unemployment in developing countries |
| $1.$ Developed countries experience more of frictional unemployment and cyclical unemployment. | $1.$ Developing countries experience more of disguised unemployment. |
| $2.$ In developed countries unemployment lasts for a short duration. | $2.$ In developing countries unemployment lasts for a very long period because the country needs to change the structure of the economy. |
| $3.$ The economic growth developed countries is unemployment can be suitable economic policies. | $3.$ In developing countries the population growth is high whereas economic development is low. Hence, unemployment rate remains high and cannot be solved easily. |
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