Explain the distinction between voluntary and involuntary unemplo… - Vidyadip

Question

Explain the distinction between voluntary and involuntary unemployment.

✓

Answer

Voluntary unemployment is that part of the working force not willing to engage itself in gainful occupation whereas Involuntary unemployment is that part of the labour force which is willing and able to work at the prevailing wage rate but is out of work.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Introduction→Introduction — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.

'Transfer payments are not included in the National Income though it is a part of circular flow'. Justify.

Visits to foreign countries for sightseeing etc. by the people of India is on the rise. What will be its likely impact on foreign exchange rate and how?

Classify the into durable, non-durable, semi-durable or service.
Visit of a physician.

When foreign exchange rate in a country is on the rise, what impact is it likely to have on imports and how?

Distinguish between intermediate goods and final goods. Also give examples.OR
Distinguish between final goods and intermediate goods. Give an example of each.

Outline the steps taken in deriving saving curve from the consumption curve. Use diagram.

When price of a foreign currency rises, its supply also rises. Explain why.

Investment in an economy increases by ₹ 700 crore. Suppose MPS is 1. Calculate increase in national income.

Name the branch of economics which is primarily concerned with the study of broad aggregates.OR
Which branch of economics deals with the aggregates of the economy?