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    Economics Solutions for Class 11 Commerce Economics Chapter 5

    FREE Economics Solutions for class 11 commerce Economics, Chapter 5 - C Unemployment from (Economics Solutions).

    Economics Solutions for Class 11 Commerce Economics Chapter 5 - C Unemployment

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    Textbook Solutions Class 11 Economics C Unemployment

    Economics Solutions Solutions for Class 11 Commerce Economics Chapter 5 C Unemployment are provided here with simple step-by-step explanations. These solutions for C Unemployment are extremely popular among Class 11 Commerce students for Economics C Unemployment Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Economics Solutions Book of Class 11 Commerce Economics Chapter 5 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Economics Solutions Solutions. All Economics Solutions Solutions for class Class 11 Commerce Economics are prepared by experts and are 100% accurate.

    Page No 32:

    Question 1(A):

    Fill in the blanks with appropriate words from the bracket.

    1. Defective education system causes______________ unemployment.

    (educated, technological, rural, frictional)

    2. Unemployment during the off season is called_____________

    (urban, seasonal, disguised, involuntary)

    3. Disguised employed labors has___________ marginal productivity.

    ( maximum, minimum, one, zero)

    4. Unemployment during recession is called__________unemployment.

    (frictional, structural, cyclical, voluntary)

    5. Employment Guarantee scheme was launched in the state of ______________

    (Karnataka, Maharashtra, Kerala, Orissa)

    ANSWER:

    1. Defective education system causes educated unemployment.

    Explanation-

    A defective education system gives rise to educated unemployment. With the education not being job-oriented a large number of educated youth are unable to find suitable employment.

    2. Unemployment during the off season is called seasonal unemployment.

    Explanation-

    When a person is willing to do work but is not able to find work for a certain season or a period of time, then he is said to be seasonally unemployed.

    3. Disguised employed labors has zero marginal productivity.

    Explanation-

    Disguised unemployment is a situation where there too many people employed in an activity, such that even if you remove a few of them, the productivity remains the same. This implies that the marginal product of labour is zero as the output remains unchanged with an addition/removal to the factor input i.e. labour.

    4. Unemployment during recession is called cyclical unemployment.

    Explanation-

    The period of recession or depression is characterized by a decrease in the aggregate demand. This decrease in aggregate demand leads to a slow-down in the production process, which in turn forces the producers to decrease the number of labour inputs by firing few of the workers. The unemployment thus cause, is known as cyclical unemployment.

    5. Employment Guarantee scheme was launched in the state of Maharashtra.

    Explanation-

    Employment Guarantee Scheme (EGS) was launched by the Maharashtra government in the year 1972-73. The basis of this scheme was ‘right to work’ and it was restricted to unskilled labourers above 18 age.

    Page No 33:

    Question 1(B):

    Match the pair

    Group 'A' Group 'B'

    1. Disguised unemployment a) temporary unemployment

    2. Frictional unemployment b) Increase employment

    3. Labour intensive method c) zero marginal productivity

    4. E.G.S d) Full employment

    5. Technological unemployment e) under utlisation labour

    f) Maharashtra g) computers

    ANSWER:

    1. Disguised unemployment - zero marginal productivity

    Explanation-

    Disguised unemployment is a situation where there too many people employed in an activity, such that even if you remove a few of them, the productivity remains the same. This implies that the marginal product of labour is zero as the output remains unchanged with an addition to the factor input i.e. labour.

    2.  Frictional unemployment - Temporary unemployment

    Explanation-

    Frictional unemployment refers to the type of unemployment that occurs when the people are in the middle of transiting between jobs, searching for new ones or are unemployed due to failure of machinery, etc. As these types of situations are temporary in nature, we say that frictional unemployment is temporary.

    3.  Labour intensive method - Increase employment

    Explanation-

    The use of labour intensive methods results in an increase in employment. This is because labour intensive methods refer to those methods of work and production, which requires a higher amount of labour inputs rather than capital inputs. Thus, the usage of such methods leads to an increase in employment.

    4.E.G.S - Maharashtra

    Explanation-

    Employment Guarantee Scheme (EGS) was launched by the Maharashtra government in the year 1972-73. The basis of this scheme was ‘right to work’ and it was restricted to unskilled labourers above 18 age.

    5. Technological unemployment - Computers

    Explanation-

    Technological unemployment is the one that emerges from the constant changes in the techniques of production such as use of computers, robotic technology, etc. This change in technology logically results in the displacement of labour that are not familiar with the updated technology, and thereby contributes to unemployment.

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    Difference between rural unemployment and urban unemployment in t

    Difference between rural unemployment and urban unemployment in tabular form

    Difference between rural unemployment and urban unemployment in tabular form

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    The nature of unemployment differs in rural and urban areas. How?

    Click here👆to get an answer to your question ✍️ The nature of unemployment differs in rural and urban areas. How?

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    The nature of unemployment differs in rural and urban areas. How?

    Medium Open in App

    Updated on : 2022-09-05

    The following are the differences in the nature of unemployment in rural and urban areas:

    Solution Verified by Toppr

    1 Population: Urban areas are highly populated but rural areas are less populated. Educated unemployment is mostly found in urban areas as most of the people are skilled but they have less opportunity. In rural areas, with fewer work opportunities, more people are engaged where less is required. This is called disguised unemployment.

    2 Occupational: People in rural areas are mostly dependent on agriculture. Thus, seasonal unemployment is found in rural areas where cultivation is hampered due to seasonal changes.

    3 Industrial: Urban areas are more developed than rural areas because of industrialization. Because of increased industrialization, more people migrate to urban areas. Overpopulated urban areas have more industrial unemployment.

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