Question : The concept of "structural unemployment" refers to:
Option 1: Unemployment caused by changes in the business cycle
Option 2: Unemployment caused by the lack of job opportunities in rural areas
Option 3: Unemployment caused by the introduction of labor-saving technologies
Option 4: Unemployment caused by the migration of workers to urban areas
Correct Answer: Unemployment caused by the introduction of labor-saving technologies
Solution : The correct answer is (c) Unemployment caused by the introduction of labor-saving technologies.
Structural unemployment refers to unemployment that occurs due to a mismatch between the skills and qualifications of workers and the requirements of available jobs. It is caused by changes in the structure of the economy, such as technological advancements, changes in consumer demand, or shifts in the composition of industries. When new technologies are introduced that automate or replace certain jobs, workers may become unemployed if their skills are no longer in demand. Structural unemployment requires workers to acquire new skills or transition to different industries to find employment.
Question : The concept of "technological unemployment" refers to:
Question : The concept of "cyclical unemployment" refers to:
Question : The concept of "residual unemployment" refers to:
Question : The concept of "informalization of labor" refers to:
Question : The concept of "brain drain" refers to:
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