Chapter 1 (T-3, Unemployment) Flashcards
(7 cards)
1
Q
Define - Unemployment
A
Unemployment is a situation in which all those who are ‘able’ and ‘willing’ are not able to get work.
2
Q
Define:
1] Work
2] Able
3] Willing
4] Working age population
5] Labour Force
6] Worker population ratio and difference between labour and worker.
A
3
Q
What is demographic divident. What is the median age in India.
A
Expected benifit because of various labour force charecteristics.
Median Working Age 29years.
4
Q
Unemployment is measured through?
A
PLFS
5
Q
Approches to calculate Unemployment
A
- US Approch - PS&SS
- CWS Approch
6
Q
Headline Rate of Unemployment
A
US - PS&SS.
7
Q
List 8 types of Unemployment
A
- Structural
- Seasonal
- Frictional
- Volunatry
- Underemployment
- Disguised
- Wage rate
- Cyclical
