Question
Technological Unemployment and Cyclical Unemployment.
| Technological Unemployment | Cyclical Unemployment |
| (i) It refers to unemployment due to the introduction of new techniques of production. | (i) It refers to unemployment due to a lack of effective demand for goods and services in the market. |
| (ii) It may be temporary or long-term in nature. | (ii) It is temporary in nature. |
| (iii) It is caused due to the introduction of new labour-saving techniques, lack of proper training, etc. | (iii) It is caused by fluctuations in business and trade cycles, a fall in effective demand, etc. |
| (iv) It is found more in developing countries. | (iv) It is found more in the developed countries. |
| (v) It can be removed by making alternative job arrangements, providing technical training, encouraging self-employment, etc. | (v) It can be removed by encouraging consumption, export activities, etc. |
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