Discussion
The unemployment which is associated with the inadequacy of productive capacity to create enough jobs for all those able and willing to work refers to _________ .
Answer: C
The answer is Structural unemployment.
In the Indian context, structural unemployment arises because the economy's productive capacity, its capital stock and industrial base, is too small to provide jobs for all those willing and able to work. It is long-term and linked to the structure of a developing economy.
Frictional unemployment is the short gap while people move between jobs. Cyclical unemployment rises and falls with the business cycle. Open unemployment simply means people who are visibly without any work, without saying why.
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