Which of the following is an example of structural unemployment?
A textile worker loses the job due to industry automation
Structural unemployment arises when there is a mismatch between the skills of workers and the requirements of jobs, often due to technological change, automation, or shifts in the structure of the economy.
A textile worker who loses the job because of industry automation is displaced by a permanent change in production technology, which is a classic case of structural unemployment.
Seasonal fluctuations in tourism cause seasonal unemployment, quitting to study is voluntary, and a temporary dip in demand causes cyclical unemployment.
Hence, the example of structural unemployment is the textile worker losing the job due to industry automation.
Surge pricing takes place when a service provider
What effect will a decrease in demand and an increase in supply have on equilibrium price?
A situation where the expenditure of the government exceeds its revenue is called ______.
Which of the following statements is NOT correct about the factors that gave rise to the Consumer Movement in India?
The total value of goods and services traded is considered to be the _________ of trade.