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Unemployement occurs when people are without and actively seeking work.
1 disguised unemloyement
2 hidden unemloyement
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yash thanks 4 ur answer... can u plz define unemployment a little bit more :)
In economics, unemployment is occurs when people are without work while actively searching for employment.Learning ObjectiveDiscuss structural unemployment, frictional unemployment, and the natural unemployment rateKey Points-structural unemployment focuses on the structural problems within an economy and inefficiencies in labour markets.frictional  is the time period between jobs when a worker is searching for or transitioning from one job to another.Cyclical Unemployement is a type of unemployment that occurs when there is not enough more demand in the economy to provide jobs for everyone who wants to work.Classical unemployment occurs when real wages for a jobs are set above the marketing clearing level.The natural unemployment rate represents the hypothetical unemployment rate that is consistent with aggregate production being at a long level.
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thank u very much ur answer reallly helped me... :)
u r much wlcome
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