List the three types of unemployment and explain what causes each type.
Solution -
Three Type of Unemployment
1 Natural Unemployment
2 Frictional Unemployment
3 Strutural Unemployment
Cuases of above Unemployment respectively,
1 Natural Unemployment occursReccesion in market and unexpected happen Economic Bubble
2 when any employee left old job and searching for new one at that time Frictional Unemployment occurs
3 Strutural Unemployment occurs becuase of the required skilled of worker and actual skill dosent match at that time Strutural Unemployment occurs.
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