Question : The concept of "seasonal unemployment" refers to:
Option 1: Individuals who are unemployed due to changes in the business cycle.
Option 2: Individuals who are unemployed during specific seasons of the year.
Option 3: Individuals who are unemployed and actively seeking employment.
Option 4: Individuals who are employed but working fewer hours than desired.
Correct Answer: Individuals who are unemployed during specific seasons of the year.
Solution : The correct answer is (b) Individuals who are unemployed during specific seasons of the year.
The concept of "seasonal unemployment" refers to a type of unemployment that occurs when individuals are unemployed during certain seasons of the year when their usual occupations or industries experience a decline in demand or activity. This type of unemployment is often associated with sectors such as agriculture, tourism, and construction, where work is highly dependent on seasonal variations.