Question

In a minimum 350-word essay give an account with examples of the various types of unemployment and what the natural unemployment rate means. (Elaborate)

Answer 1

various types of unemployment :-

• Structural unemployment.
• Frictional unemployment
• Cyclical unemployment
• Disguised unemployment
• Educated unemployment
• Voluntary unemployment
• Seasonal unemployment

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Example of various type of unemployment:-

​​​​​​Natural unemployment rate means  It is the minimum unemployment rate and it is a combination of a structural frictional and surplus unemployment, in natural rate of unemployment worker are always in search of a new job better job and worker are always coming and going until worker find their new job with better payment and service this jobless status is the natural unemployment rate.

Thankyou......