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  3. 12th Class
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12th Class Economics Solved Paper - Economics 2011 Outside Delhi Set-I

  • question_answer
    Explain the distinction between voluntary and involuntary unemployment.

    Answer:

    Voluntary Unemployment Involuntary  Unemployment
    If refers to a situation where a person who is able to work remains Unemployment due to his/her own willingness. If refers to a situation where a person who is willing and is able to work does not get work at the existing wage rate.
    In this situation, the person remains Unemployment despite the jobs being available in the market. In this situation, the person remains Unemployment due to non - availability of the job in the market.


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