What type of unemployment is generally found in the agricultural sector of India?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Disguised unemployment.
- Disguised unemployment exists when part of the labour force is either left without work or is working in a redundant manner such that worker productivity is essentially zero.
- It is unemployment that does not affect aggregate output.
- An economy demonstrates disguised unemployment when productivity is low and too many workers are filling too few jobs.