Problem Of Unemployment In India — Flashcards

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A person is said to be unemployed when he is able and willing to work at the prevailing wage rate but does not find work. Voluntary non-working is not counted as unemployment. Children below 15 years …

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Labour force includes all persons who are actually employed in some economic activity as well as those who can be engaged in work. Children below 15 years and old persons above 60 years are excluded f…

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Workforce includes those persons who are actually engaged in economically productive activities. It is the part of the labour force that is working.

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Magnitude of Unemployment = Labour force - Workforce. Here, labour force means all employed persons plus those who can be engaged in work, and workforce means persons actually engaged in economically …

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Unemployment Rate = (Number of unemployment persons / Labour force) × 100. It shows the percentage of the labour force that is unemployed.

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Labour Force Participation Rate is the ratio of labour force to the total population. It shows how many people in the population are part of the labour force.

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Workforce participation rate is the ratio of workforce to the total population in the age group of 15-60 years. It shows how many people in the working-age population are actually employed.

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Seasonal unemployment is a type of rural unemployment that happens when people cannot find work during some months of the year. In India, unirrigated land often gives only one crop a year, so agricult…