--%>
Assignment Help - homework help

Elucidate types of unemployment

Elucidate types of unemployment?

E

Expert

Verified

Types of unemployment

1. Frictional unemployment consists of those searching for jobs or waiting to take jobs soon; it is regarded as somewhat desirable, because it indicates that there is mobility as people change or seek jobs.

2. Structural unemployment:  due to changes in the structure of demand for labor; e.g., when certain skills become obsolete or geographic distribution of jobs changes.

a. Glass blowers were replaced by bottle-making machines.

b. Oil-field workers were displaced when oil demand fell in 1980s.

c. Airline mergers displaced many airline workers in 1980s.

d. Foreign competition has led to downsizing in U.S. industry and loss of jobs.

e. Military cutbacks have led to displacement of workers in military-related industries.


3. Cyclical unemployment is caused by the recession phase of the business cycle, which is sometimes called deficient demand unemployment.

   Related Questions in Business Economics

  • Q : Distinction between Component cost and

    Describe briefly Distinction between the term Component cost and Composite cost?

    		•
  • Q : Requirement of building blocks for a

    Building blocks for a capitalist system consist of: (1) supplies and demands. (2) private property rights. (3) laissez-faire policies. (4) market-determined outputs and prices. (5) All of the above. Please guys hel

    		•
  • Q : Problem regarding private firms I have

    I have a problem in economics on Problem regarding private firms. Please help me in the following question. The mass of U.S. output is generated by: (i) Producer cooperatives. (ii) Non-profit organizations. (iii) Private firms. (iv) Government agencie

    		•
  • Q : Common factors influencing capital

    Write down the common factors influencing capital structure?

    		•
  • Q : Define the for whom query in market

    The market system responses the “for whom?” query with: (i) distributing goods on the basis of require. (ii) using central planning to coordinate production decisions. (iii) catering to consumers with adequate resources to demand goods. (i

    		•
  • Q : Illustrate 2nd function to promote and

    Illustrate the 2nd function to promote and maintain competition?

    		•
  • Q : What do you mean by the term United

    What do you mean by the term “United State in Global Economy”?

    		•
  • Q : Why is the problem of unemployment a

    Why is the problem of unemployment a part of the subject matter of economics?

    		•
  • Q : Specialization and trade according to

    Not between concepts explained in Adam Smith’s Wealth of Nations was the conception which net benefits occur from: (1) specialization and trade according to comparative advantage. (2) the division of labor in production processes. (3) reliance o

    		•
  • Q : Decomposition of Private Sector Can

    Can someone help me in finding out the right answer from the given options. The private sector is decomposed into: (1) Businesses and investors. (2) Households and stockholders. (3) Households and investors. (4) Businesses and households.

    		•