Let us give an example of structural unemployment. In a growing economy techniques of production are constantly changing with the result that people are likely to lose their jobs when these are replaced by newer and more efficient techniques. The unemployment created in this way is structural ...
Unit 25 Unemployment Unemployment is defined as a situation where someone of working age is not able to get a job but would like to be in full time employment. One grey area is voluntary unemployment. This occurs when the unemployed choose not to take a job at the going wage rate (e...