Which of the following is not a type of unemployment
Question 1 Report
Which of the following is not a type of unemployment
Answer Details
Factory unemployment is not a type of unemployment. The three main types of unemployment are:
- Structural unemployment: occurs when workers' skills become obsolete or are no longer in demand, and they are unable to find jobs in their field.
- Frictional unemployment: occurs when workers are temporarily between jobs, such as when they are searching for new employment or moving from one job to another.
- Mass unemployment: occurs when there are not enough jobs available in the economy to employ all workers who are seeking employment.
These three types of unemployment are widely recognized and studied in the field of economics. Factory unemployment is not a commonly used term in the field of economics and is not considered one of the main types of unemployment.
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