Q. The unemployment generated due to change in market conditions is known as_
Solution:
Structural unemployment is a form of unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers. Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.
Frictional unemployment is the unemployment that results from time spent between jobs when a worker is searching for or transitioning from one job to another. It is sometimes called search unemployment and can be based on the circumstances of the individual.
A person may be looking for the job change for the better opportunity, services, higher salary and wages etc. It is also that there may be the conflict between employer and employees over the inadequate facilities and under satisfaction leading to voluntary quit the job. During the period they remain the part of the organization but do not take part in the production. Strikes by trade union or worker is also an example.
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