Explain the differences among the frictional, structural and cyclical forms of unemployment. Word Limit: Maximum 250...

Explain the differences among the frictional, structural and cyclical forms of unemployment.

Word Limit: Maximum 250 words

Expert Solution

Unemployment is a major problem in any economy. There is mainly three type of unemployment i.e, cyclical frictional and structural unemployment. So many other types of unemployment are arised but most common three these are. After a recession and its outcome lead to create structural unemployment and its naturaly happen.so the unemployment more created in this structural unemployment situation and the next one is frictional unemployment its happen when the workers interst to get a job very good and better than the current job.The major difference of frictional unemployment than other unemployment is it can avoided as normally.
The cyclical unemployment is mainly due to the recession and depresiion and recovery stages change or fluctuate that mainly cyclical unemployment is mainly happen during this depression and recession stages.The more unemployment created this stage due the fluctuation of these economy problems.

Rahul Sunny answered 6 months ago

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