Question
Explain briefly the term 'unemployment'.

Answer

A. Unemployment refers to a situation where all able and willing persons are not able to find work at the prevailing wage rate or activities to provide them with a means of living.
B. The person cannot be counted as unemployed if he does not fall within the age group of 15-59 years.
C. Further, if the person is not willing to work, then also we not be considered as unemployed.

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