CONTACT COOLBOY FOR YOUR SURE WASSCE(WAEC), NECO, NABTEB,NABTEX,NCTVA, BECE,IJMB, JUPEB,AND GOVERNMENT WASSCE QUESTIONS AND ANSWERS BEFORE EXAM
COOLBOY
WHATSAPP NUMBER
08035452768
WAEC GCE ECONOMICS
(7a) Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job.
(7b)
(i) Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle.
(ii) Frictional unemployment refers to those workers who are in between jobs. An example is a worker who recently quit or was fired and is looking for a job in an economy that is not experiencing a recession.
(iii) Structural unemployment happens when the skills set of a worker does not match the skills demanded by the jobs available, or alternatively when workers are available but are unable to reach the geographical location of the jobs.
NIGERIA AND GAMBIA
Post a Comment