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Chapter 11 of 13
Flashcards

Problem of Unemployment in India

ICSE · Class 9 · Economics

Flashcards for Problem of Unemployment in India — ICSE Class 9 Economics. Quick Q&A cards covering key concepts, definitions, and formulas.

61 questions40 flashcards5 concepts

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Card 1Meaning of Unemployment

What is unemployment?

Answer

Unemployment is a situation where a person is able and willing to work at the prevailing wage rate but does not find work. Voluntary unemployment is not counted as unemployment.

Card 2Meaning of Unemployment

Which age group is counted as unemployed in India?

Answer

Only people aged 15 to 60 years are counted as unemployed or part of the labour force. Children below 15 years and persons above 60 years are not counted.

Card 3Key Words

What is labour force?

Answer

Labour force includes all persons who are actually employed and also those who are able and willing to work. Children below 15 years and persons above 60 years are excluded.

Card 4Key Words

What is workforce?

Answer

Workforce means the persons who are actually engaged in economically productive activities.

Card 5Key Words

State the formula for magnitude of unemployment.

Answer

Magnitude of Unemployment = Labour force – Workforce. Labour force means all persons employed plus those able and willing to work. Workforce means persons actually engaged in economically productive a

Card 6Key Words

State the formula for unemployment rate.

Answer

Unemployment Rate = (Number of unemployment persons / Labour force) × 100. This shows the share of unemployed persons in the labour force.

Card 7Types of Unemployment

What are the two broad types of unemployment in India?

Answer

The two broad types are rural unemployment and urban unemployment.

Card 8Rural Unemployment

What is seasonal unemployment?

Answer

Seasonal unemployment is a situation where people cannot find work during a particular season of the year. In India, farmers often remain unemployed for about 3 to 4 months a year because agriculture

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