- Structural unemployment is long-term unemployment caused by fundamental shifts in the economy. - It persists even when the economy is healthy because workers lack the necessary skills or are in the wrong location. - Disguised unemployment is when more people are employed than necessary (often in agriculture). - Cyclical unemployment is tied to the business cycle, rising during recessions and falling during expansions.
The mismatch in the regional or occupational pattern of job vacancies and the pattern of worker availability results in
Asked in UPSC CDS 1 2021 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
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