Frictional unemployment refers to the short-term and temporary unemployment that occurs when workers are transitioning between jobs, often
Tag: causes of unemployment
causes and types of unemployment
Frictional unemployment: This is a short-term type of unemployment that occurs when workers are transitioning between jobs. It
cyclical unemployment
Cyclical unemployment, also referred to as demand-deficient unemployment, arises from insufficient aggregate demand in the economy. This causes
structural unemployment
Structural unemployment refers to a type of unemployment caused by fundamental shifts in the economy’s structure, such as