Question 11

Distinguish between open unemployment and disguised unemployment.

Answer

Open unemployment is where a person has no job in hand and does not earn anything at all. This kind of unemployment is visible. On the other hand, disguised unemployment is a situation when a person is apparently working but is made to work less than his or her potential. This type of unemployment is generally found in unorganized sector where either work is not constantly available or more people are employed for the same work than required.

Popular Questions of Class 10 Social Science - Understanding Economic Development

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