Commerce Classes near SP College for 11th | 12th | CA/CS Foundation | BCom | BBA Behere Classes Basics of Economics Series Part 38: Types of Unemployment: 1. Frictional Unemployment o Moving from one job to another o Not that bad as it is voluntary and temporary o Some amount is good for the individual as well as economy o In fact, it shows jobs are getting created to some extent o Too much Frictional Unemployment => job quality is poor 2. Structural Unemployment o Mismatch between required and available skills o Due to some structural changes like:  Technological Up-gradation (Banking after IT revolution)  Increase in private sector (India post 1991)  Lack of demand for some particular goods and services (eg. Textile sector post 1991) o Very common in India; People are suffering o Structural Unemployment is bad as it shows stagnation in the economy 3. Cyclical Unemployment o Due to economic cycle of boom and slowdown o Faced by both developed and developing countries o During SD/Recession, there is less demand and hence more retrenching 4. Seasonal Unemployment o Due to the seasonal nature of the activity - like agriculture in India (Kharif and Rabi seasons) o Very important to be controlled and schemes like NREGA are there to tackle it. 5. Disguised Unemployment o More than required number of people doing an activity o Surplus labour is present o Marginal Productivity is 0 o Very bad for both individual and economy as there is no production and per capita profit is lesser Thank You. Regards, Behere Classes (www.behereclasses.com) Tags: Best commerce classes in pune, best commerce classes in pune city, Best 11th commerce classes in Pune, best 12th commerce classes in pune, best commerce coaching in pune, best CA foundation classes in pune, best CS foundation classes in Pune, best CA classes in Pune, best commerce coaching classes near me, best commerce tuition classes near me, best tuition for 11th commerce, best classes for 11th commerce, top commerce classes in pune, top commerce coaching in pune, top commerce classes near me, top commerce coaching classes near me, top commerce tuition classes near me, commerce classes in Sadashiv Peth, top commerce classes in Dattawadi, best commerce classes in Navi Peth, commerce coaching classes in Karve Road, BBA coaching classes in Pune, BBA classes near me, BCom classes in Pune, BCom classes near me, BBA tuitions near me, BCom tuitions near me, commerce tuitions near me, best commerce coaching classes in Swargate , classes for 11th commerce, commerce classes in Karve Nagar, best commerce coaching classes in pune, best commerce tuition classes near me, best CS foundation classes in pune, best CA foundation classes in pune, top commerce coaching near me, BBA tuition near me , commerce classes in Hadapsar, best BCom classes in pune